List any two items that may appear on the credit side of the Capital Account of a partner when the capitals are fluctuating. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Interest on Capital. (ii) Share of Profit. 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 debit side of the Capital Account of a partner when the capitals are fluctuating. Next PostIn case of fluctuating capitals, where will you record drawings and interest on drawings? You Might Also Like Why partner’s loan is not transferred to Realisation A/c? September 27, 2022 A and B were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 3. A surrendered 2 / 5th of his share in favour of C. Calculate B’ s sacrifice. September 26, 2022 Give one point of distinction between Authorised Capital and Issued Capital. September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B were partners in a firm sharing profits and losses in the ratio of 5: 3. They admitted C as a new partner. The new profit-sharing ratio between A, B and C was 3: 2: 3. A surrendered 2 / 5th of his share in favour of C. Calculate B’ s sacrifice. September 26, 2022