Interest on Capital | Fundamentals | Class 12th Accounts | CBSE Boards 2026

In this lecture, learn everything you need to know about “Interest on Capital” under the Partnership Act, 1932 for your Class 12 CBSE Accounts Boards 2026. Get clarity with real-life examples, logical explanation, and step-by-step question-solving techniques.

🌟 What’s Covered:
Partnership Firm basics & P&L Appropriation overview
Meaning & importance of Interest on Capital
Bank vs. Firm explanation for easy understanding
Calculation rules with timeline method
What to do when partnership deed is silent (1932 Act rules)
Questions involving additional capital & withdrawal during the year
Mistakes to avoid (don’t use closing capital for calculation!)
Practical solved examples for exam preparation

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