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Mention two items that may appear on the credit side of a partner’s fixed capital account. - Accounts

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Question

Mention two items that may appear on the credit side of a partner’s fixed capital account.

Very Short Answer
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Solution

  1. Opening balance of capital.
  2. Additional capital was introduced by the partner.
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Chapter 1: Accounting for Partnership Firms - Fundamentals - SHORT ANSWER QUESTIONS [Page 1.136]

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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 70. | Page 1.136
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