Accounts
This query is : Resolved
18 April 2010
Chapter = Profit prior to incorporation
Ques- In this chapter Interest on capital
amount divided into which ratio?
Ques- In this chapter Interest on capital
amount divided into which ratio?
19 April 2010
My dear, interest itself is calculated on individual capital of the partners. If the combined figure is given in the question then in the absence of information, u can divide it into partners opening capital ratio.
Regards, CA Shakuntala Chhangani
Regards, CA Shakuntala Chhangani
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