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What are changes when capital are fixed?

Posted by Shivam Sharma 4 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Shivam Sharma 4 years, 10 months ago

When fixed capital method, the new partner's capital show in capital A/C, only withdrew of capital show in Dr. Side of capital A/C or but Drawings is show in Dr. Side of current A/C , premium for goodwill in Cr. Side, OR OTHER INCOME IN Cr. Side AND OTHER EXPENSES IN Dr. Side.

1Thank You

Shaily Jain 4 years, 10 months ago

If the question is asking to make capital account then in this case u have to make both capital and current account

1Thank You

Shaily Jain 4 years, 10 months ago

Changes in what?

0Thank You

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