#capital accounts

3 public questions tagged with this topic.

Partnership Accounts 2

If a firm prefers to show Partners' Capital Accounts at the amount introduced by the partners as capital, where are the

Partners’ Current Account partnership correct; deed provisions interest capital drawings as per Act.

Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.

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Partnership Accounts 2

According to AS -10, value of goodwill should be adjusted through the capital accounts of the partners.

Partially tru partnership correct; deed provisions interest capital drawings as per Act.

Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.

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Accounting Fundamentals 2

Contingency reserve, profit and loss account (credit) balance and deferred revenue expenditure account are credited to c

Partially true correct accounting fundamental; capital revenue classification per accounting principles.

Ref: NCERT Accountancy Class XI Chapter 1 Accounting Fundamentals explains accounting meaning objectives advantages limitations double entry system clearly.

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#capital accounts

No questions with this tag

If a firm prefers to show Partners' Capital Accounts at the amount introduced by the partners as capital, where are the

According to AS -10, value of goodwill should be adjusted through the capital accounts of the partners.

Contingency reserve, profit and loss account (credit) balance and deferred revenue expenditure account are credited to c

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