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 X Ltd. forfeited 900 Equity Shares of Rs. 100 each for the non-payment of allotment money of Rs. 30 per share and the first call of Rs. 20 per share. The second and final call of Rs. 25 per share has not been made. The forfeited shares were reissued for Rs. 90 per share, Rs. 75 paid-up. Journalise the above. July 14, 2022 How does the factor ‘Location’ affect the goodwill of a firm? September 26, 2022 Amar, Bhanu, and Charu are partners in a firm. Amar and Bhanu are to get annual salary of Rs. 1,20,000 p.a. each as they are fully involved in the business. Net profit for the year is Rs. 4,80,000. Determine the share of profit to be credited to each partner. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X Ltd. forfeited 900 Equity Shares of Rs. 100 each for the non-payment of allotment money of Rs. 30 per share and the first call of Rs. 20 per share. The second and final call of Rs. 25 per share has not been made. The forfeited shares were reissued for Rs. 90 per share, Rs. 75 paid-up. Journalise the above. July 14, 2022
Amar, Bhanu, and Charu are partners in a firm. Amar and Bhanu are to get annual salary of Rs. 1,20,000 p.a. each as they are fully involved in the business. Net profit for the year is Rs. 4,80,000. Determine the share of profit to be credited to each partner. July 21, 2022
