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Interest on Capital is allowed on

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

1.00K viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

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Anurag Pathak28.64K 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

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Anurag Pathak28.64K 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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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.