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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.

  
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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

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