#10 Interest on Capital | Fundamental of Partnership| Class 12 Accounts |

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In This chapter we will deal with following Concept
What is Partnership, Indian partnership Act 1932, Fundamental of Partnership, Profit sharing ratio, partnership Deed, Charge against profit, Profit and loss Appropriation account , interest on capital, Interest on Drawing, Salary to partner, Guarantee to Partner, Interest on partner loan, Rent paid to partner, Adjustment to closed accounts, Fixed Capital Method, Fluctuating Capital Method

Fundamental of Partnership, Profit sharing ratio, partnership Deed, Charge against profit, Profit and loss Appropriation account, P& L Appropriation Account, interest on capital, Interest on Drawing, Salary to partner, Guarantee to Partner, Interest on partner loan, Rent paid to partner, Adjustment to closed accounts, Class 12 Accounts, partnership Fundamental