What is meant by ‘Fixed Capital’ of a partner? (Delhi 2016 C) Post category:Accountancy Reading time:1 mins read SOLUTION ‘Fixed Capital’ of a partner means that the capital remains unchanged unless additional capital is introduced or withdrawal is made from the existing capital. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostName the accounts which are maintained for the partners when capitals of the partners are fixed. (AI 2014 C) Next PostWhat is meant by ‘Fluctuating Capital’ of a partner? (AI 2016 C) You Might Also Like Mention two items that may appear on the debit side of a Partner’s Fixed Capital Account. September 23, 2022 Name any two investing activities that result into inflow of cash. October 4, 2022 Vikram Ltd. forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of Rs. 5 per share and first and final call of Rs. 2 per share. Only application money of Rs. 3 was paid by him. Out of these 3,000 shares were re-issued @ Rs. 12 per share as fully paid. February 2, 2023 Leave a Reply Cancel replyYou must be logged in to post a comment.
Mention two items that may appear on the debit side of a Partner’s Fixed Capital Account. September 23, 2022
Vikram Ltd. forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of Rs. 5 per share and first and final call of Rs. 2 per share. Only application money of Rs. 3 was paid by him. Out of these 3,000 shares were re-issued @ Rs. 12 per share as fully paid. February 2, 2023