List any two items that may appear on the debit side of the Capital Account of a partner when the capitals are fluctuating. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Drawings; (ii) Interest on Drawings. 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 PostMention two items that may appear on the credit side of a Partner’s Fixed Capital Account. Next PostList any two items that may appear on the credit side of the Capital Account of a partner when the capitals are fluctuating. You Might Also Like If a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated? September 26, 2022 On dissolution of a firm, there was an Unrecorded asset or Rs. 2,000 which was taken over by a partner at Rs. 2,500 What entry will be passed? September 27, 2022 Give Journal entries to record the following arrangements in the books of the firm: (a) B and C are partners sharing profits in the ratio of 3 : 2. D is admitted paying a premium (goodwill) of Rs. 2,000 for 1/4th share of the profits, shares shares of B and C remain as before. (b) B and C are partners sharing profits in the ratio of 3 : 2. D is admitted paying a premium of Rs. 2,100 for 1/4th share of profits which he acquires 1/6th from B and 1/12th from C. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
If a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated? September 26, 2022
On dissolution of a firm, there was an Unrecorded asset or Rs. 2,000 which was taken over by a partner at Rs. 2,500 What entry will be passed? September 27, 2022
Give Journal entries to record the following arrangements in the books of the firm: (a) B and C are partners sharing profits in the ratio of 3 : 2. D is admitted paying a premium (goodwill) of Rs. 2,000 for 1/4th share of the profits, shares shares of B and C remain as before. (b) B and C are partners sharing profits in the ratio of 3 : 2. D is admitted paying a premium of Rs. 2,100 for 1/4th share of profits which he acquires 1/6th from B and 1/12th from C. August 1, 2022