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Interest on Capital will be paid …

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Interest on Capital will be paid out of-

Posted by Khushal Gohel 5 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Aaiman Farhin 5 years, 5 months ago

Only profit as it is an appropriation not charge

Gaurav Seth 5 years, 5 months ago

Profits

Interest on Capital: If the partnership deed is silent on interest on partner's capital, then according to the Partnership Act of 1932, no interest on capital should be given to the partners of the firm. However, interest on capital is given only out of the profits, if mutually agreed by all the partners.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

0 answers

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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