Name the accounts which are maintained for the partners when capitals of the partners are fixed. (AI 2014 C) Post category:Accountancy Reading time:1 mins read SOLUTION (a) Partners’ Capital Accounts;(b) Partners’ Current 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 PostRitesh and Hitesh are childhood friends, Ritesh is a consultant whereas Hitesh is an architect. They contributed equal amounts and purchased a building for Rs. 2 crores. After a year, they sold it for Rs. 3 crores and shared the profits equally. Are they doing the business in partnership? Give reason in support of your answer. (Delhi and AI 2018) Next PostWhat is meant by ‘Fixed Capital’ of a partner? (Delhi 2016 C) You Might Also Like Hider Ltd., a mutual fund company invested Rs. 5,00,000 in shares of Prayag Ltd. It received dividend of Rs. 45,000 during the year. How will it be depicted in the Cash Flow Statement? October 6, 2022 Name any two sub-line items (sub-headings) under which “Current Assets’’ shall be classified in the Balance Sheet of a Company. September 30, 2022 In which ratio do the remaining partners acquire the share of profit of the retiring partner? (Delhi 2018 C) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Hider Ltd., a mutual fund company invested Rs. 5,00,000 in shares of Prayag Ltd. It received dividend of Rs. 45,000 during the year. How will it be depicted in the Cash Flow Statement? October 6, 2022
Name any two sub-line items (sub-headings) under which “Current Assets’’ shall be classified in the Balance Sheet of a Company. September 30, 2022
In which ratio do the remaining partners acquire the share of profit of the retiring partner? (Delhi 2018 C) October 8, 2022