In case the partner ‘s capital accounts are fixed; withdrawal of capital is recorded in which account?(C.B.S. E. 2020, Mumbai, Chennai) Post category:Accountancy Reading time:1 mins read SOLUTION Partner’s 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 PostWhen salary to partners, interest on capital, drawings, interest on drawings, Interest on Drawing etc. are recorded in capital accounts of partners, which method we are following to maintain the capital account? Next PostWhy does the Fixed Capital Account of partners show credit balance even when the firm suffers losses year after year? (C.B.S.E. 2020, Mumbai, Chennai) You Might Also Like X and Y are partners. Y wants to admit his son K into business. Can K become the partner of the firm? Give reason. September 26, 2022 The inventory turnover ratio of a Company is 3 times. State, giving reason, whether the ratio improves, declines or does not change because of increase in the value of closing inventory by Rs. 5,000. October 3, 2022 From the following Balance Sheet of Mishi Ltd. as at 31st March, 2019, prepare Cash Flow Statement: August 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X and Y are partners. Y wants to admit his son K into business. Can K become the partner of the firm? Give reason. September 26, 2022
The inventory turnover ratio of a Company is 3 times. State, giving reason, whether the ratio improves, declines or does not change because of increase in the value of closing inventory by Rs. 5,000. October 3, 2022
From the following Balance Sheet of Mishi Ltd. as at 31st March, 2019, prepare Cash Flow Statement: August 20, 2022