Interest on Reserves and Surplus A/c

Only interest on capital is allowed not on reserves

Yes , agree with Eswar Reddy Only on Capital or Current account , Interest can be paid only to working partner subject to same Interest payable should be mentioned in partnership Deed . you have fulfill other conditions too as per section 40(b) of the Income tax act . On reserve surpluse not allowed.

Can the Reserves and Surplus account be created anytime throughout the year? Also, can it be added back parter capital anytime?

My dear honorable persons could you please tell me how to take ratio in normal calculator with examples like

ratio for 4:8?

ratio for 12:45?

in normal calculator with steps

@ Aniket Kumar

Generally Reserves and Surplus transfer entry will be passed at the end or after the end of FY