Partnership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2014
Dear Sir,
In case of a partnership firm, Interest on capital should be calculated on the capital balance as on 01/04/2013
or
It should be calculated on the balance as on 31/03/2014.
Please clarify.
In case of a partnership firm, Interest on capital should be calculated on the capital balance as on 01/04/2013
or
It should be calculated on the balance as on 31/03/2014.
Please clarify.
24 September 2014
intt should be calculated on fixed capital on first date of financial year and adjusting any change accordingly i.e. on balance basis
24 September 2014
intt should be calculated on fixed capital on first date of financial year and adjusting any change accordingly i.e. on balance basis
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