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Mention the items that may appear on the credit side of the capital account of a partner when the capitals are fluctuating. - Accounts

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Question

Mention the items that may appear on the credit side of the capital account of a partner when the capitals are fluctuating.

Short Answer
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Solution

  1. Opening credit balance of capital
  2. Additional capital introduced
  3. Share of profit
  4. Interest on capital
  5. Salary to a partner.
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Chapter 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [Page 1.129]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 31. | Page 1.129
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