Success Roar Classes

Partners

Interest on Capital

Interest on capital - Success Roar Classes

What is Interest on capital? The interest on capital is allowed(given) by the firm to the partners for contributing the capital introduced by the partners in the firm. So, it is- “INTEREST”  On  “CAPITAL” What are the features of Interest on capital? Nature of Interest on capital– It is an appropriation of profit. Hence it …

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