Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 Not yet answered Marked out of 1 Flag question If a firm is maintaining both capital accounts and current accounts of the partners

image text in transcribed
image text in transcribed
image text in transcribed
Question 11 Not yet answered Marked out of 1 Flag question If a firm is maintaining both capital accounts and current accounts of the partners A and B. Additional capital introduced by B will be recorded in: a. Partner B's current account o b. Partner B's capital account O c. Either in current account or capital account O d. All options are correct Question 31 Not yet answered Marked out of 1 P Flag question When A and B sharing profits and losses in the ratio 5:3, admit C as a partner giving him 1/9th share of profits? This will be given by A and B: O a. None of these are correct O b. Equally O c. In their profit sharing ratio O d. In their capitals ratio Question 35 Not yet answered Marked out of 1 Flag question Which of the following accounts are not transferred to Realization Account? ? a. All options are correct b. Cash/Bank Account O c. Reserve fund O d. Bank overdraft

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions