Why interest on partner's loan is not transferred to his capital account?
What is the logic for transferring it to his current account/ loan account or
accrued interest account?
Answer / kumar
Partners capitals are fixed it will not change throughout year, comes interest on capital it will changes based decision of the partners.
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3 brothers living together.50 coconuts giving to first person.25 coconuts giving to second person, 10 coconuts giving to third person and they have to sell one c oconut each morning and evening.after sold the coconut they have to get the equal share from that coconut money.how can i calculate this puzzle please hwelp me?
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