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If a firm prefers Partners Capital Accounts to be shown at the amount introduced by the partners as capital in firm then, the entries for salary, drawings, interest on capital or drawings and profits are made ina)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Partners’ Current AccountCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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If a firm prefers Partners Capital Accounts to be shown at the amount introduced by the partners as capital in firm then, the entries for salary, drawings, interest on capital or drawings and profits are made ina)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Partners’ Current AccountCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for If a firm prefers Partners Capital Accounts to be shown at the amount introduced by the partners as capital in firm then, the entries for salary, drawings, interest on capital or drawings and profits are made ina)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Partners’ Current AccountCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of If a firm prefers Partners Capital Accounts to be shown at the amount introduced by the partners as capital in firm then, the entries for salary, drawings, interest on capital or drawings and profits are made ina)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Partners’ Current AccountCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice If a firm prefers Partners Capital Accounts to be shown at the amount introduced by the partners as capital in firm then, the entries for salary, drawings, interest on capital or drawings and profits are made ina)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Partners’ Current AccountCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.