give two items which may appear on debit side of partners capital
Answers
Answer:
Debit is an accounting entry which results into increase in assets or decrease in liabilities in a company balance sheet. Purchase returns however are on the credit side.
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From shivi.....
Answer:
Drawings made by partners.
Any part of capital withdrawn.
Explanation:
Drawings refers to the act of withdrawing cash or assets from the company by the owner(s) for personal use. Drawings can occur by withdrawing cash from a business account, but can also include anything that is considered a business asset, such as products or equipment that is removed from the business for personal use by the owners.
Capital account is credited in the partners capital account. If any amount from this capital is withdrawn then the same amount is entered on the debit side.