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a firm maintain partner's capital account …

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a firm maintain partner's capital account under fixed capital method. the accountant of the firm has credited interest on capial and salaries to partner's capital account.do you agree with the treatment?give reasons

    • Posted by Nishtha Kain 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Khushi Jain 6 years, 10 months ago

    No because in fixed method two accounts are prepared i.e.capital and current account and all the adjustment takea place in current account

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