what is interest on drawings

Answer Posted / hemanshu

Never intrest calculated on Drawing. bcos once any partner
invest As a Capital the profit is income.

Is This Answer Correct ?    9 Yes 34 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.

1585


shares journal entries

1604


Expand-------MTRS

1785


Provision of Bad Debts is made in compliance with the convention of -----------

1452


What is the important of cash in a business unit

1523






What is revaluation of assets.when it occurs

1644


Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?

1542


What is the analytical way of accounting?

1751


What is Merchandising Accounting process

1609


if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?

1424


What is deffered income

1704


How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.

1742


why the RRB'S not lend loans directly to farmers?

1525


recently release the 6.0 version not succede in the market why?

1527


DEfine SAP

1653