hello guys!!
i have a very peculiar doubt, a parntership firms NP is below the Interest on Capital amount say if interest is 50000 then NP is only 25000 , in this type of case how should i account in appropriation a/c and that a mg.partner has to be paid remuneration out of profits pls suggest as of now i have taken only remuneration and i guess interest on capital will be applicable here !! just pls reply to my confusion