In case the partners’ capitals are fixed, in which account withdrawal of capital is recorded? (C.B.S.E. 2020) Post category:Accountancy Reading time:1 mins read SOLUTION Partners’ Capital Accounts. 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 PostGive two items which may appear on the debit side of Partner’s Current Account. (Delhi and AI 2018 C) Next PostDev withdrew Rs. 10,000 on 15th day of every month. Interest on drawings was to be charged @ 12% per annum. Calculate interest on Dev’s drawings. (C.B.S.E. 2019) You Might Also Like Name any two Companies are exempted from creating Redemption Reserve’ by the SEBI. September 30, 2022 Short term investments are not considered while preparing cash flow statement. Why? (C.B.S.E. 2017) October 6, 2022 Anita and Ankita are partners sharing profits equally. Their capitals, maintained following Fluctuating Capital Accounts Method, as on 31st March, 2018 were Rs. 5,00,000 and Rs. 4,00,000 respectively. Partnership Deed provided to allow interest on capital @ 10% p.a. The firm earned net profit of Rs. 2,00,000 for the year ended 31st March, 2019. Pass the Journal entry for interest on capital. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Name any two Companies are exempted from creating Redemption Reserve’ by the SEBI. September 30, 2022
Short term investments are not considered while preparing cash flow statement. Why? (C.B.S.E. 2017) October 6, 2022
Anita and Ankita are partners sharing profits equally. Their capitals, maintained following Fluctuating Capital Accounts Method, as on 31st March, 2018 were Rs. 5,00,000 and Rs. 4,00,000 respectively. Partnership Deed provided to allow interest on capital @ 10% p.a. The firm earned net profit of Rs. 2,00,000 for the year ended 31st March, 2019. Pass the Journal entry for interest on capital. July 21, 2022
