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Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation?
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Is salary of a partner added to their capital before calculating inter...
Answer:
Salary of a partner is not added to their capital before calculating interest on capital.
Here's a breakdown of the answer:
- Salary not added to capital: The salary of a partner is treated as an expense of the partnership and is not considered as part of their capital investment in the business.
- Interest on capital: Interest on capital is calculated based on the amount of capital invested by each partner in the partnership, excluding any salary or drawings taken by the partners.
Therefore, the salary of a partner is not added to their capital before calculating interest on their capital in the partnership.
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Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation?
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Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation?.
Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Is salary of a partner added to their capital before calculating interest on capital on his capital? answer only in yes or no. please do not give any explanation?.
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