Accountancy, asked by nishant14100431, 9 months ago

In which account, money introduced by the partner will be shown under fixed capital account ?​

Answers

Answered by manikanta71
1

Answer:

It mostly starts with a credit amount of the capital invested by the partner in the initial time of the business. All the adjustments leading to a decrease in the Capital are shown on the Debit side of the Capital Account. For example, Drawings by Partners and interest comes on the debit side of the Capital account.

Explanation:

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