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 Mahi and Rajat were in partnership sharing profits and losses in the ratio of 4: 3. They admitted Kripa as a new partner. Kripa brought Rs. 60,000 as her share of goodwill premium which was entirely credited to Mahi’s Capital Account. On the date of admission, goodwill of the firm was valued at Rs. 4,20,000. Calculate the new profit-sharing ratio of Mahi, Rajat and Kripa. (CBSE 2020) November 2, 2022 Why do we calculate Gaining Ratio? October 8, 2022 State the closing entries for: (a) rent paid to a partner; (b) interest on loan allowed to partners. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Mahi and Rajat were in partnership sharing profits and losses in the ratio of 4: 3. They admitted Kripa as a new partner. Kripa brought Rs. 60,000 as her share of goodwill premium which was entirely credited to Mahi’s Capital Account. On the date of admission, goodwill of the firm was valued at Rs. 4,20,000. Calculate the new profit-sharing ratio of Mahi, Rajat and Kripa. (CBSE 2020) November 2, 2022
State the closing entries for: (a) rent paid to a partner; (b) interest on loan allowed to partners. September 26, 2022