In case of fluctuating capitals, where will you record drawings and interest on drawings? Post category:Accountancy Reading time:1 mins read SOLUTION On the debit side of Capital Account. 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 PostList any two items that may appear on the credit side of the Capital Account of a partner when the capitals are fluctuating. Next PostName the methods according to which partner’s capital accounts are maintained. You Might Also Like State any one right acquired by a newly admitted partner. (CBSE 2020 C) October 7, 2022 Revenue from Operations Rs. 9,00,000; Gross Profit 25% on Cost; Operating Expenses Rs. 45,000. Calculate Operating Profit Ratio August 17, 2022 A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B decides to retire from the firm. Calculate new profit-sharing ratio of A and C in the following circumstances: (a) If B gives his share to A and C in the original ratio of A and C. (b) If B gives his share to A and C in equal proportion. (c) If B gives his share to A and C in the ratio of 3 : 1. (d) If B gives his share to A only. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Revenue from Operations Rs. 9,00,000; Gross Profit 25% on Cost; Operating Expenses Rs. 45,000. Calculate Operating Profit Ratio August 17, 2022
A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B decides to retire from the firm. Calculate new profit-sharing ratio of A and C in the following circumstances: (a) If B gives his share to A and C in the original ratio of A and C. (b) If B gives his share to A and C in equal proportion. (c) If B gives his share to A and C in the ratio of 3 : 1. (d) If B gives his share to A only. August 3, 2022
