Name the methods according to which partner’s capital accounts are maintained. Post category:Accountancy Reading time:1 mins read SOLUTION Fixed Capital Accounts and Fluctuating 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 PostIn case of fluctuating capitals, where will you record drawings and interest on drawings? Next 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? You Might Also Like Differentiate between Called-up Share Capital’ and ‘Paid-up Share Capital’. (C.B.S.E.2016 Comptt. Delhi) September 28, 2022 The Balance Sheet of Virendra Paper Ltd. as at 31st March, 2019 is given below: August 18, 2022 Green Ltd. issued 8,000 Equity Shares of Rs. 10 each. Rs. 5 per share was called, payable Rs. 2 on application, Rs. 1 on allotment, Rs. 1 on first call and Rs. 1 on second call. All the money was duly received with the following exceptions: A who holds 250 shares paid nothing after application. B who holds 500 shares paid nothing after allotment. C who holds 1,250 shares paid nothing after first call. Prepare Journal and the Balance Sheet. July 14, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Differentiate between Called-up Share Capital’ and ‘Paid-up Share Capital’. (C.B.S.E.2016 Comptt. Delhi) September 28, 2022
Green Ltd. issued 8,000 Equity Shares of Rs. 10 each. Rs. 5 per share was called, payable Rs. 2 on application, Rs. 1 on allotment, Rs. 1 on first call and Rs. 1 on second call. All the money was duly received with the following exceptions: A who holds 250 shares paid nothing after application. B who holds 500 shares paid nothing after allotment. C who holds 1,250 shares paid nothing after first call. Prepare Journal and the Balance Sheet. July 14, 2022