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Give two items which may appear on the debit side of Partner’s Current Account. (Delhi and AI 2018 C)

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

SOLUTION

(i) Drawings, (ii) Interest on Drawings.


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Previous PostWhy does the Fixed Capital Account of partners show credit balance even when the firm suffers losses year after year? (CBSE 2020)
Next PostIn case the partners’ capitals are fixed, in which account withdrawal of capital is recorded? (C.B.S.E. 2020)

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