INTERSET ON CAPITAL

Kumar Gaurav (Going...to be C.A soon...)   (1624 Points)

26 July 2007  

HI ALL,


can anybody tell me howz to calculate interest on capital of partners in a partnership firm.i hve the following problem.


our partner is getting remuneration (33,000)and when it is credited to partner capital a/c. is it on 31-03-07 or on monthly basis?(ie. 3000 pm)


plz tell me


thnkx