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Interest to partner capital

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2013 interest on partner capital is given on opening balance or closing balance????
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Anand Modi

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Anand Modi (Expert)
09 July 2013 If nothing is mentioned in the deed then follow the method of last year and if this is the first year then Calculate daily interest @ 12% p.a.

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