Question

Which of the following is true regarding salary to a partner when the firm maintains fluctuating capital acccounts?

Answer 1

Apne Teacher Se Pucho Bhut Easy Hai

Explanation:

partner capital a/c

Partner's salary A/c. Dr

To Partner Capital A/c

Answer 2

P AND L APPROPRIATION ACC         DR.

                TO PARTNER'S CAPITAL ACC

(d)   debit p and l acc and credit partner's capital acc