What Accounts are maintained, (a) when the capitals are fixed? (b) when the capitals are fluctuating? Post category:Accountancy Reading time:1 mins read SOLUTION (a) Capital A/cs and Current A/cs; (b) Only Capital A/cs. 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 fluctuating capital of partners? Next PostWhat is partner’s Current Account? You Might Also Like A and B are partners in a firm sharing profits in the ratio of 3: 2. They had advanced to the firm a sum of Rs. 30,000 as a loan in their profit-sharing ratio on 1st October, 2017. The Partnership Deed is silent on interest on loans from partners. Compute interest payable by the firm to the partners, assuming the firm closes its books every year on 31st March. July 20, 2022 Classify debentures from the point of view of security. September 29, 2022 Bat and Ball are partners sharing the profits in the ratio of 2: 3 with capitals of Rs. 1,20,000 and Rs. 60,000 respectively. On 1st October, 2018, Bat and Ball gave loans of Rs. 2,40,000 and Rs. 1,20,000 respectively to the firm. Bat had allowed the firm to use his property for business for a monthly rent of Rs. 5,000. The loss for the year ended 31st March, 2019 before rent and interest amounted to Rs. 9,000. Show distribution of profit/loss. July 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in a firm sharing profits in the ratio of 3: 2. They had advanced to the firm a sum of Rs. 30,000 as a loan in their profit-sharing ratio on 1st October, 2017. The Partnership Deed is silent on interest on loans from partners. Compute interest payable by the firm to the partners, assuming the firm closes its books every year on 31st March. July 20, 2022
Bat and Ball are partners sharing the profits in the ratio of 2: 3 with capitals of Rs. 1,20,000 and Rs. 60,000 respectively. On 1st October, 2018, Bat and Ball gave loans of Rs. 2,40,000 and Rs. 1,20,000 respectively to the firm. Bat had allowed the firm to use his property for business for a monthly rent of Rs. 5,000. The loss for the year ended 31st March, 2019 before rent and interest amounted to Rs. 9,000. Show distribution of profit/loss. July 20, 2022