Partnership assessement
This query is : Open
Bhimjibhai
(Querist)
27 January 2014
whether interest on partners capital balance is disallowed on the basis of provision for interest on partners capital balance though provided in the partnership deed but not printed in the partnershipdeed on account of genuin printer setting error.
AVTAR SINGH
(Expert)
27 January 2014
The interest to partners is allowed subject to conditions in Partnership Deed. If interest provided in the books is as per Deed, then it will be allowed.
Bhimjibhai
(Querist)
27 January 2014
provision for interest on partners capital balance already mention in the original soft copy of partnership deed but not printed in the original partnership deed on account of genuin printer setting error.. now what should i do ?
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