Difference between revisions of "Interest allowance"
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| − | [[Interest allowance]] is a mechanism for dividing earnings of a partnership based on a percentage of capital balances of the partners (not an expense). | + | [[Interest allowance]] is a mechanism for dividing [[earnings]] of a partnership based on a percentage of capital balances of the partners (not an expense). |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Interest allowance]]. A mechanism for dividing earnings of a partnership based on a percentage of capital balances of the partners (not an expense). | + | :[[Interest allowance]]. A mechanism for dividing [[earnings]] of a partnership based on a percentage of capital balances of the partners (not an expense). |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 03:35, 9 November 2019
Interest allowance is a mechanism for dividing earnings of a partnership based on a percentage of capital balances of the partners (not an expense).
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Interest allowance. A mechanism for dividing earnings of a partnership based on a percentage of capital balances of the partners (not an expense).
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
