What are preliminary expenses? Post category:Accountancy Reading time:1 mins read SOLUTION These are the expenses incurred prior to the incorporation of a company. 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 PostWhat is meant by Employee Stock Option Wan? (C.B.S.E. Sample Paper, 2019) Next PostWhat is meant by ‘issue of shares at par’? (C.B.S.E. 2019. C) You Might Also Like Azad and Benny are equal partners. Their capitals are Rs. 40,000 and Rs. 80,000 respectively. After the accounts for the year had been prepared, it was noticed that interest @ 5% p.a. as provided in the Partnership Deed was not credited to their Capital Accounts before distribution of profits. It is decided to pass an adjustment entry in the beginning of the next year. Record the necessary Journal entry. July 21, 2022 What Accounts are maintained, (a) when the capitals are fixed? (b) when the capitals are fluctuating? September 23, 2022 When 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? September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Azad and Benny are equal partners. Their capitals are Rs. 40,000 and Rs. 80,000 respectively. After the accounts for the year had been prepared, it was noticed that interest @ 5% p.a. as provided in the Partnership Deed was not credited to their Capital Accounts before distribution of profits. It is decided to pass an adjustment entry in the beginning of the next year. Record the necessary Journal entry. July 21, 2022
What Accounts are maintained, (a) when the capitals are fixed? (b) when the capitals are fluctuating? September 23, 2022
When 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? September 23, 2022