Question

2. Name any three items that appear on the debit side and credit side of partnership current account.​

Answer 1

Answer:

Items that may appear on the debit side of the Capital Account when the capitals are fluctuating :

Interest on drawings;

Drawings of the partners;

Share of loss of each partner;

Withdrawal of capital by the partners;

Closing Balance of the Partner's capital account. Answer verified by Toppr. Practice important Questions.

Answer 2

Answer:

Items that may appear on the debit side of the Capital Account when the capitals are fluctuating :

* Interest on drawings

* Drawings of the partners

* Share of loss of each partner

* Withdrawal of capital by the partners

* Closing Balance of the Partner's capital account.