Advertisements
Advertisements
Questions
When the partner capitals are fixed, where will the drawing made by a partner be recorded?
If the partner’s capital accounts are fixed, where will you record the following item?
Drawings made by a partner.
Very Short Answer
Advertisements
Solution
Drawings made by a partner will be recorded in the debit of the partner’s current account when their capitals are fixed.
shaalaa.com
Is there an error in this question or solution?
