Partners interest on capital
Querist : Anonymous
How to calculate Interest on Partners capital...?
For example Two partners Invest Each 5,00,000/-. After few years their Capital amounts are maintain Capital A/c and Current A/c... If Their Capital Amount are (Invest CApital Rs. 5,00,000 and Current Account amounts are each XXXXX)
In this position., How to calculate Interest
Thanks in Advance
Expert : Anonymous
Expert : Anonymous
Querist : Anonymous
In your view the Interest calculate only Fixed Capital. Fixed capital means 'when start the business at the time capital invest'. Am I right Sir...
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