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 A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022 A new partner acquires two main rights in the partnership firm which he joins. State one of the rights. October 7, 2022 The quick ratio of a company is 0.75: 0.50. Will credit purchase of goods Rs. 10,000 increase, decrease or not change the ratio? Give reason in support of your answer. (C.B.S.E. 2020. Punjab) October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022
A new partner acquires two main rights in the partnership firm which he joins. State one of the rights. October 7, 2022
The quick ratio of a company is 0.75: 0.50. Will credit purchase of goods Rs. 10,000 increase, decrease or not change the ratio? Give reason in support of your answer. (C.B.S.E. 2020. Punjab) October 3, 2022