GeekInterview.com
Series: Subject: Topic:
Question: 138 of 183

What is interest on Capital?

Asked by: Interview Candidate | Asked on: Jan 29th, 2007
Showing Answers 1 - 2 of 2 Answers
pmahankuda

Answered On : Feb 14th, 2007

Capital is the fund owner starts with the Business. To calculate the true profit owner charge Interest on the Capital which he/she started with the Business. Int. on Capital is the charge usually used in Pvt Ltd company.

  
Login to rate this answer.
Darvesi Miah

Answered On : May 15th, 2009

View all answers by Darvesi Miah

As per Business entity concept Owner or proprietor treated as separate. The propritor gets interest from company on the invested capital for a specific period. This is taxable income to the proprietor and expenditure to the company

Yes  1 User has rated as useful.
  
Login to rate this answer.

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

Related Open Questions

Ads

Connect

twitter fb Linkedin GPlus RSS

Ads

Interview Question

 Ask Interview Question?

 

Latest Questions

Interview & Career Tips

Get invaluable Interview and Career Tips delivered directly to your inbox. Get your news alert set up today, Once you confirm your Email subscription, you will be able to download Job Inteview Questions Ebook . Please contact me if you there is any issue with the download.