Mention two items that may appear on the debit side of a Partner’s Fixed Capital Account. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Permanent withdrawal of Capital from business, and; (ii) Closing Balance of Capital. 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 PostIf the partner’s capitals are fixed, where will you record interest on drawings and share of profit of a partner? Next PostMention two items that may appear on the credit side of a Partner’s Fixed Capital Account. You Might Also Like What is Liquid Ratio? October 1, 2022 From the following information, calculate Cash Flow from Investing Activities: August 18, 2022 Amit and Bramit started business on 1st April, 2018 with capitals of Rs. 15,00,000 and Rs. 9,00,000 respectively. On 1st October, 2018, they decided that their capitals should be Rs. 12,00,000 each. The necessary adjustments in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% p.a. Compute interest on capital for the year ended 31st March, 2019. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Amit and Bramit started business on 1st April, 2018 with capitals of Rs. 15,00,000 and Rs. 9,00,000 respectively. On 1st October, 2018, they decided that their capitals should be Rs. 12,00,000 each. The necessary adjustments in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% p.a. Compute interest on capital for the year ended 31st March, 2019. July 21, 2022