please explain me accounting treatment for Interest

This query is : Resolved 

03 March 2009 We hav two partners in firm their fixed capital is 25000 per head and for trasaction they hav deposited 500000 per head. as per partnership deed they are liable to take 12%PA int on the same.
please explain me the accounting treatment and Calculation for Interest.
When shall i pay the same

03 March 2009 Answers will not get changed if you ask the same question even 100 times. Please avoid repeatetions.


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