Question

The opening balance of partners capital account is credited with ?
A) interest on capital
B)interest on drawings
C)drawings
D)share in loss

Plz justify your ans with valid reason(brief explanation?

Answer 1

Answer:

Step-by-step explanation:

usiness and share its profits and losses, they are. LEARNING ... Accountancy – Not-for-Profit Organisation and Partnership Accounts losses is .... All items like share of profit or loss, interest on capital, drawings, interest ... opening balance) .... 60,000. 40,000 capital. Loss. Salary. 20,000. 7000. Balance c/d.

Answer 2

Answer:

interest on capital is the right ans

Step-by-step explanation:

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