Caluculation of interest on partners capital
This query is : Resolved
18 June 2012
SIR,
A PARTNER REMUNERATION IS Rs.36000/- p.a.
ENTRY PASSED AS
(EVERY MONTH ENDING FOR 12 MONTHS)
PARTNER CAPITAL DR
CASH CR
ON YEAR ENDING ENTRY PASSED AS
SALARY TO PARTNER A/C DR
PARTNER CAPITAL A/C CR
SO, IN CALUCULATION OF INTEREST WE HAVE TO CALUCULATE ON OPENING BALANCE DIRECTLY OR ON EVERY MONTH ENDING BALANCE
ADVANCE THANKS
SIR,
A PARTNER REMUNERATION IS Rs.36000/- p.a.
ENTRY PASSED AS
(EVERY MONTH ENDING FOR 12 MONTHS)
PARTNER CAPITAL DR
CASH CR
ON YEAR ENDING ENTRY PASSED AS
SALARY TO PARTNER A/C DR
PARTNER CAPITAL A/C CR
SO, IN CALUCULATION OF INTEREST WE HAVE TO CALUCULATE ON OPENING BALANCE DIRECTLY OR ON EVERY MONTH ENDING BALANCE
ADVANCE THANKS
18 June 2012
on every month ending Balance
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