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 While preparing Cash Flow Statement, the accountant of ‘Rachna Ltd.’, a financing company, included ‘Interest received on loan’ in financing activities. Was he correct in doing so? Give reason. October 6, 2022 On dissolution of a firm, Sundry Creditors amounted to Rs. 8,000. These were paid at a discount of 5%. What entry will he passed? September 27, 2022 Calculate interest on drawings of Ashok @ 10% p.a. for the year ended 31st March, 2019, in each of the following alternative cases: Case 1. If he withdrew Rs. 7,500 in the beginning of each quarter. Case 2. If he withdrew Rs. 7,500 at the end of each quarter. Case 3. If he withdrew Rs. 7,500 during the middle of each quarter. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
While preparing Cash Flow Statement, the accountant of ‘Rachna Ltd.’, a financing company, included ‘Interest received on loan’ in financing activities. Was he correct in doing so? Give reason. October 6, 2022
On dissolution of a firm, Sundry Creditors amounted to Rs. 8,000. These were paid at a discount of 5%. What entry will he passed? September 27, 2022
Calculate interest on drawings of Ashok @ 10% p.a. for the year ended 31st March, 2019, in each of the following alternative cases: Case 1. If he withdrew Rs. 7,500 in the beginning of each quarter. Case 2. If he withdrew Rs. 7,500 at the end of each quarter. Case 3. If he withdrew Rs. 7,500 during the middle of each quarter. July 21, 2022