List any two items that may appear on the credit side of the Capital Account of a partner when the capitals are fluctuating. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Interest on Capital. (ii) Share of Profit. 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 PostList any two items that may appear on the debit side of the Capital Account of a partner when the capitals are fluctuating. Next PostIn case of fluctuating capitals, where will you record drawings and interest on drawings? You Might Also Like Super Star Ltd. makes an issue of 10,000 Equity Shares of Rs. 100 each, payable as: July 14, 2022 On 1st April, 2015, V.V.L. Ltd issued 1,000, 9% Debentures of Rs. 100 each at a discount of 6%, redeemable at a premium of 10% after three years. Pass necessary journal entries for the issue of debentures and debenture interest for the year ended 31st March, 2016, assuming that interest is payable on 30th September and 31st March and the rate of tax deducted at source is 10%. The company closes its books on 31st March every year. July 18, 2022 What is the balance of Debenture Redemption Reserve transferred to General Reserve? September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On 1st April, 2015, V.V.L. Ltd issued 1,000, 9% Debentures of Rs. 100 each at a discount of 6%, redeemable at a premium of 10% after three years. Pass necessary journal entries for the issue of debentures and debenture interest for the year ended 31st March, 2016, assuming that interest is payable on 30th September and 31st March and the rate of tax deducted at source is 10%. The company closes its books on 31st March every year. July 18, 2022
What is the balance of Debenture Redemption Reserve transferred to General Reserve? September 30, 2022