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Interest on capital will be paid to the partners if provided for in the agreement from accumulated profits also?
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Interest on capital will be paid to the partners if provided for in th...
Yes it will be provided from accumlated profit i.e net profit of company after paying dividend and transfering amount to reserves.
so thus IOC will be given out of accumlated profit also in the given rate and if rate is not mentioned so let it to 6% (in accordance of provision for in absence of partnership deed)
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Interest on capital will be paid to the partners if provided for in the agreement from accumulated profits also?
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Interest on capital will be paid to the partners if provided for in the agreement from accumulated profits also? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Interest on capital will be paid to the partners if provided for in the agreement from accumulated profits also? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Interest on capital will be paid to the partners if provided for in the agreement from accumulated profits also?.
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