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Interest on partners capital

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2012 SIR,

IF A PARTNER'S OPENING BALANCE AS ON 01.04.2011 IS Rs.50000/-
AN AMOUNT PAID TO LIP for partner on 15.10.2011, Rs.5000/-
for lic withdrawl entry passed as
lic debited, cash / bank credited.
and
on 31.03.2012 lic a/c credited
partner capital a/c debited.,

WHAT IS THE INTEREST AMOUNT WILL BE

1) ON Rs. 50000/- 1.04.2011 to 15.10.2011
ON Rs. 45000/- 16.10.2011 to 31.03.2012

or
2) ON Rs.50000/- 1.04.2011 to 31.03.2012
sir advane thanks
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CS GURVINDER SINGH

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CS GURVINDER SINGH (Expert)
18 June 2012 on Rs. 50000/- from 1.4.2011 to 14.10.2011 and on Rs. 45000/- from 15.10.2011 to 31.03.2012

actually amount withdrawn on 15th
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