Interest on partner capital
This query is : Resolved
Rahul kumar
(Querist)
21 April 2012
How calculate interest on partner capital.is remuneration paid per month debited partner capital account.i am calculate interest on day basis.
22 April 2012
Take the account of the partner and start with the opening balance and next debit or credit calculate interest up to first debit and credit if any and like wise calculate interest on number of days for the whole year the interest rate should not exceed 12%
CA Rakesh Goenka
(Expert)
22 April 2012
agree with above expert...........
Rahul kumar
(Querist)
23 April 2012
But remuneration paid to partner per month as per deed transfer to partner account or not.
01 August 2024
https://docs.google.com/document/d/1MyN2eCDmbeSa7YOE-tzsTfZ1dutKe0FBueTYlSvwUk0/edit?usp=sharing
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