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. 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 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) You Might Also Like Mohan and Sohan are in partnership sharing profits in the proportion of 3/5th and 2/5th respectively. Their Balance Sheet as at 31st March, 2019 was: August 2, 2022 Why is Gaining Ratio calculated? September 27, 2022 What entry is passed when an asset is given to a Creditor in full settlement of his dues? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Mohan and Sohan are in partnership sharing profits in the proportion of 3/5th and 2/5th respectively. Their Balance Sheet as at 31st March, 2019 was: August 2, 2022
What entry is passed when an asset is given to a Creditor in full settlement of his dues? September 27, 2022