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 From the following Balance Sheet of Combi last Ltd. for the year ended 31st March, 2019 and additional information, calculate Cash Flow from Investing Activities: August 18, 2022 Name any two items which are shown on the credit of Profit and Loss Appropriation Account. September 26, 2022 E and F were partners in a firm sharing profits in the ratio of 3 : 1. They admitted G as a new partner on 1st April, 2019 for 1/3rd share. It was decided that E, F and G will share future profits equally. G brought Rs. 50,000 in cash and machinery valued at Rs. 70,000 as premium for goodwill. Pass necessary Journal entries in the books of the firm. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following Balance Sheet of Combi last Ltd. for the year ended 31st March, 2019 and additional information, calculate Cash Flow from Investing Activities: August 18, 2022
Name any two items which are shown on the credit of Profit and Loss Appropriation Account. September 26, 2022
E and F were partners in a firm sharing profits in the ratio of 3 : 1. They admitted G as a new partner on 1st April, 2019 for 1/3rd share. It was decided that E, F and G will share future profits equally. G brought Rs. 50,000 in cash and machinery valued at Rs. 70,000 as premium for goodwill. Pass necessary Journal entries in the books of the firm. August 1, 2022