Question

1. You are required to fill in the blanks with relevant accounting provisions with respect to the various aspects of
Partnership
Accounting aspects
Provision/treatment
wisio...
Profit/Loss sharing ratio
Interest on capital
Interest on drawings
Interest on advances
Remuneration for firms
work
If a partner carries on any
business of the same
nature as and competing
with that of the firm
Partners Capital account
balance under Fixed
capital account
Partners Current account
balance under Fixed
capital account
In absence of any specific
mention, partners capital
accounts are maintained
under which method?

Answer 1

Answer:

it's too big

1. It's not clear to me