10 July 2012
I am having one client who's net loss for the last year is Rs. 50,000/- exclusive of Interest on capital i.e Rs. 12500/-.
I need to know what is the best way to pay off the interest on capital?? Should they capitalized the interest amount to capital account or firm should pay it off in cash??
Is firm is in condition to pay remuneration?? Yes if how much it can pay the remuneration to the partners
CAclubindia
