What is procedure to calculate interest on capital
This query is : Resolved
25 March 2022
what is procedure to calculate interest on capital of partners.
26 March 2022
Interest on capital is to be calculated on the capitals at the beginning for the relevant period. If there is any additional capital introduced or capital withdrawn during the year, it will cause change in the capitals and interest is to be calculated proportionately on the changed capitals for the relevant period.
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