One Partnership partner's capital accounts is AY 2016-17 (Opening Balance)... Mr. Raman : Capital Account - Rs. 200,000 (Capital Introduced) Current Account - Rs. 65000 (Capital received from PandL past Years)
Mr. James kannan : Capital Account - Rs. 200,000 (Capital Introduced) Current Account - Rs. 65000 (Capital received from PandL past Years) in this way How to I calculate Capital interest and which amount...? The 12% will calculated Rs. 265000...? or Any other calculations...?
13 December 2017
Thank you for the reply Sir... In partnership deed it's shown 12%.... My doubt is how to calculate the interest....! it's flat rate...? How to calculate interest? please give some examples
CAclubindia
