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
T R SOOD & CO
New Delhi
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
