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When the general reserve is distributed …

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When the general reserve is distributed is the partners capital account debited or credited

Posted by Harpreet Ghuman 3 years, 9 months ago

CBSE > Class 12 > Accountancy

3 answers

Sonu Chand 3 years, 9 months ago

Debited in p&l appropriation a/c

Aaiman Farhin 3 years, 9 months ago

Capital account is credited as liability of firm towards the partner has been increased

Prachi Tyagi 3 years, 9 months ago

Debited

ANSWER

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