Write two items of credit side of Current Accounts. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Interest on Capital, (ii) Share of Profit. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is partner’s Current Account? Next PostWrite two items of debit side of Current Accounts. You Might Also Like What is a Comparative Statement of Profit & Loss? October 1, 2022 A and B are partners sharing profits equally. A drew regularly Rs. 4,000 at the end of every month for six months ended 30th September, 2019. Calculate interest on drawings @ 5% p.a. for a period of six months. July 21, 2022 Pass necessary Journal entries for the issue of debentures in the following cases: (a) Rs. 40,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at par. (b) Rs. 70,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at Rs. 110. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners sharing profits equally. A drew regularly Rs. 4,000 at the end of every month for six months ended 30th September, 2019. Calculate interest on drawings @ 5% p.a. for a period of six months. July 21, 2022
Pass necessary Journal entries for the issue of debentures in the following cases: (a) Rs. 40,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at par. (b) Rs. 70,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at Rs. 110. July 18, 2022
