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Interest on capital will be paid to the partners if provided for in the agreement but only from ………..
  • a)
    Current Profits
  • b)
    Reserves
  • c)
    Accumulated Profits
  • d)
    Goodwill
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Interest on capital will be paid to the partners if provided for in th...
Yes because in previous we have provided it but when new accounting period we prepare financial statements to know the current financial performance and financial position of business organisation
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Interest on capital will be paid to the partners if provided for in the agreement but only from ………..a)Current Profitsb)Reservesc)Accumulated Profitsd)GoodwillCorrect answer is option 'A'. Can you explain this answer?
Question Description
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