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Interest on loan by partner

Home » Interest on loan by partner
Posted inAccountancy Class 12 Fundamental of Partnership

Akhil, Sunil and Parvesh are partners sharing profits in the ratio of 3:2:1

8:- Akhil, Sunil, and Parvesh are partners sharing profits in the ratio of 3 : 2 : 1. Opening balance of loan by Sunil account was Rs 300,000.  Interest payable…
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