Respected Sir / Madam,
One Partnership partner's capital accounts is AY 2016-17 (Opening Balance)...
Mr. Raman : Capital Account - Rs. 200,000 (Capital Introduced)
Current Account - Rs. 65000 (Capital received from PandL past Years)
Mr. James kannan : Capital Account - Rs. 200,000 (Capital Introduced)
Current Account - Rs. 65000 (Capital received from PandL past Years) in this way
How to I calculate Capital interest and which amount...?
The 12% will calculated Rs. 265000...? or Any other calculations...?
Thanks in Advance
CAclubindia
