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प्रश्न
When the partners’ capitals are fixed, the drawings made by a partner are recorded on the ______.
पर्याय
Debit side of Partner’s Capital Account.
Credit side of Partner’s Capital Account.
Debit side of Partner’s Current Account.
Credit side of Partner’s Current Account.
MCQ
रिकाम्या जागा भरा
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उत्तर
When the partners’ capitals are fixed, the drawings made by a partner are recorded on the debit side of the partner’s current account.
Explanation:
Under the Fixed Capital Method, the Partner’s Capital Account remains constant and only records the initial capital contribution. To maintain this stability, a separate Partner’s Current Account is opened to handle all regular adjustments.
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