Mention two items that may appear on the debit side of a Partner’s Fixed Capital Account. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Permanent withdrawal of Capital from business, and; (ii) Closing Balance of Capital. 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 PostIf the partner’s capitals are fixed, where will you record interest on drawings and share of profit of a partner? Next PostMention two items that may appear on the credit side of a Partner’s Fixed Capital Account. You Might Also Like If Trade Receivables Turnover Ratio is more than the norm set for it, what will it indicate? October 3, 2022 Why should a new partner contribute towards goodwill on his admission? (Delhi 2017 C) October 7, 2022 Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the journal entries in the books of Citizen Watches Ltd. July 13, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
If Trade Receivables Turnover Ratio is more than the norm set for it, what will it indicate? October 3, 2022
Why should a new partner contribute towards goodwill on his admission? (Delhi 2017 C) October 7, 2022
Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the journal entries in the books of Citizen Watches Ltd. July 13, 2022