Practicing Success
Practicing Success
CUET Preparation Today
When can a partner claim interest on the capital contributed to the partnership firm? |
Always, as a matter of right Only if the partnership deed specifies it If the partner has the highest capital contribution If the partner has made additional investments in the firm |
Only if the partnership deed specifies it |
Interest on capital is provided only if the partnership deed allows it and the partnership firm has a profit. If there is a loss even then no interest on capital is provided. If the partnership deed is silent on the matter of interest on capital then no interest is provided to partners. |
