Accountancy, asked by akskiller9, 4 months ago

loss of partner is debited to which account under fixed capital account method?​

Answers

Answered by itzsecretagent
53

Answer:

ɪᴛ ᴍᴏsᴛʟʏ sᴛᴀʀᴛs ᴡɪᴛʜ ᴀ ᴄʀᴇᴅɪᴛ ᴀᴍᴏᴜɴᴛ ᴏғ ᴛʜᴇ ᴄᴀᴘɪᴛᴀʟ ɪɴᴠᴇsᴛᴇᴅ ʙʏ ᴛʜᴇ ᴘᴀʀᴛɴᴇʀ ɪɴ ᴛʜᴇ ɪɴɪᴛɪᴀʟ ᴛɪᴍᴇ ᴏғ ᴛʜᴇ ʙᴜsɪɴᴇss. ᴀʟʟ ᴛʜᴇ ᴀᴅᴊᴜsᴛᴍᴇɴᴛs ʟᴇᴀᴅɪɴɢ ᴛᴏ ᴀ ᴅᴇᴄʀᴇᴀsᴇ ɪɴ ᴛʜᴇ ᴄᴀᴘɪᴛᴀʟ ᴀʀᴇ sʜᴏᴡɴ ᴏɴ ᴛʜᴇ ᴅᴇʙɪᴛ sɪᴅᴇ ᴏғ ᴛʜᴇ ᴄᴀᴘɪᴛᴀʟ ᴀᴄᴄᴏᴜɴᴛ. ғᴏʀ ᴇxᴀᴍᴘʟᴇ, ᴅʀᴀᴡɪɴɢs ʙʏ ᴘᴀʀᴛɴᴇʀs ᴀɴᴅ ɪɴᴛᴇʀᴇsᴛ ᴄᴏᴍᴇs ᴏɴ ᴛʜᴇ ᴅᴇʙɪᴛ sɪᴅᴇ ᴏғ ᴛʜᴇ ᴄᴀᴘɪᴛᴀʟ ᴀᴄᴄᴏᴜɴᴛ.

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