How calculate intt. on capital in partnership firm of partne
This query is : Resolved
AMIT GOYAL
(Querist)
05 April 2012
Dear Sir/ Madam
How will we calculate the intt. on capital of Partners ? if the firm is started from 01.04.11 means for the finanacial year 2011-12. in which 3 partners & ratio of 33% percent
How will we calculate the intt. on capital of Partners ? if the firm is started from 01.04.11 means for the finanacial year 2011-12. in which 3 partners & ratio of 33% percent
05 April 2012
Interest will be calculated on reducing balance method.
Murtaza I Bhagat
(Expert)
05 April 2012
yes agreed,
below file will help you to calculate
https://www.caclubindia.com/share_files/files_download.asp?files_id=19444
below file will help you to calculate
https://www.caclubindia.com/share_files/files_download.asp?files_id=19444
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