Interest on partners capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2012
SIR,
IF A PARTNER'S OPENING BALANCE AS ON 01.04.2011 IS Rs.50000/-
AN AMOUNT PAID TO LIP for partner on 15.10.2011, Rs.5000/-
for lic withdrawl entry passed as
lic debited, cash / bank credited.
and
on 31.03.2012 lic a/c credited
partner capital a/c debited.,
WHAT IS THE INTEREST AMOUNT WILL BE
1) ON Rs. 50000/- 1.04.2011 to 15.10.2011
ON Rs. 45000/- 16.10.2011 to 31.03.2012
or
2) ON Rs.50000/- 1.04.2011 to 31.03.2012
sir advane thanks
IF A PARTNER'S OPENING BALANCE AS ON 01.04.2011 IS Rs.50000/-
AN AMOUNT PAID TO LIP for partner on 15.10.2011, Rs.5000/-
for lic withdrawl entry passed as
lic debited, cash / bank credited.
and
on 31.03.2012 lic a/c credited
partner capital a/c debited.,
WHAT IS THE INTEREST AMOUNT WILL BE
1) ON Rs. 50000/- 1.04.2011 to 15.10.2011
ON Rs. 45000/- 16.10.2011 to 31.03.2012
or
2) ON Rs.50000/- 1.04.2011 to 31.03.2012
sir advane thanks
18 June 2012
on Rs. 50000/- from 1.4.2011 to 14.10.2011 and on Rs. 45000/- from 15.10.2011 to 31.03.2012
actually amount withdrawn on 15th
actually amount withdrawn on 15th
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