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How calculate interest on partners capital

This query is : Resolved 
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(Querist)
18 August 2014 hello
Two partner A an B. partner A op. blace is 207880 and new capital introduced during the year is 400000 on 20-03 and 150000 on 28-03.
B partner 185880 no new capital introduced.
so how to calculate interst @12% and what is amount of interest.
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
18 August 2014 Dear Aslam,

It is simple, take no. of days loan utilised and apply rate of interest.

For your ready reference, interest working is given below,

A Capital Days Rate Interest
207880 365 12% 24946
400000 12 12% 1578
150000 4 12% 197
Total 757880 26721

B

Total 185880 365 12% 22306



Note: Day on which capital introduced is taken into account for working interest.
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Aslam Khatri

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Aslam Khatri (Querist)
18 August 2014 thank u sir
my doubt is clear..
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
18 August 2014 Welcome dear friend.
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