Interest on Capital is allowed on

Anurag Pathak
April 4, 2023
[CBSE] Fundamentals of Partnership Firm, Accountancy Class 12th

920 viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

Anurag Pathak28.60K April 4, 2023 0 Comments

Interest on Capital is allowed on

a) the opening capital

b) the capital at the year-end

c) average capital of the year

d) the capital in the middle of the year

Anurag Pathak Changed status to publish April 9, 2023

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1 Answer

Anurag Pathak28.60K Posted April 4, 2023 0 Comments

Ans – a)

Explanation:-

Interest is allowed on the opening capital of the partners.

Anurag Pathak Changed status to publish April 4, 2023

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Interest on Capital is allowed on

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