Partnership basics

Accountancy

Sir what is meant by partners drew in anticipation of profits? And why it is provided interest and not for normally drawn can u please explain me clearly Sir.

S.P. RAYAN

CA Inter

★ 3K+

29-May-20 11:55

818

Answers (1)

Could you give the illustration you are referring to.

Sudha Reddy

CA Final

★ 20K+

29-May-20 15:34