In case of fluctuating capitals, where will you record drawings and interest on drawings? Post category:Accountancy Reading time:1 mins read SOLUTION On the debit side of Capital Account. 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 credit side of the Capital Account of a partner when the capitals are fluctuating. Next PostName the methods according to which partner’s capital accounts are maintained. You Might Also Like What is meant by Ratio? October 1, 2022 Sona Ltd. purchased machinery costing Rs. 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries for the above transactions in the books of Sona Ltd. Show your working notes clearly. July 14, 2022 What is meant by a Debenture? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Sona Ltd. purchased machinery costing Rs. 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries for the above transactions in the books of Sona Ltd. Show your working notes clearly. July 14, 2022
