Accountancy, asked by Rohitgahlawat, 1 year ago

is partners capital account a personal account..?

Answers

Answered by ance62

Partners' Capital Account is Personal account because it is prepared for recording adjustments related to partners' capital.

Answered by engineyar

Yes , Partners' Capital Account is Personal account because it is prepared for recording adjustments related to partners' capital. Thus, the rule of Personal Account is followed i.e. 'Debit the receiver, Credit the giver'.

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