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Mention two items that may appear on the debit side of a Partner’s Fixed Capital Account.

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

(i) Permanent withdrawal of Capital from business, and; (ii) Closing Balance of Capital.


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Previous PostIf the partner’s capitals are fixed, where will you record interest on drawings and share of profit of a partner?
Next PostMention two items that may appear on the credit side of a Partner’s Fixed Capital Account.

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