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, B and C who are presently sharing profits and losses in the ratio of 5: 3: 2 decide to share future profits and losses in the ratio of 2: 3: 5. Give the Journal entry to distribute ‘Workmen Compensation Reserve’ of Rs. 1,20,000 at the time of change in profit-sharing ratio, when: (i) No information is given; (ii) there is no claim against it. October 28, 2022 Define Goodwill. September 26, 2022 A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio. July 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B and C who are presently sharing profits and losses in the ratio of 5: 3: 2 decide to share future profits and losses in the ratio of 2: 3: 5. Give the Journal entry to distribute ‘Workmen Compensation Reserve’ of Rs. 1,20,000 at the time of change in profit-sharing ratio, when: (i) No information is given; (ii) there is no claim against it. October 28, 2022
A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio. July 29, 2022