Which of the following is mostly used in treating partner...
Which of the following is mostly used in treating partner's current earnings?
Savings account
Current account
Capital account
Share capital account
Correct answer is B
Current account of partners is also a type of Capital Account. So if there is a debit balance in Current Account, it means a loan give to the Partner by the Firm.
As evidence of payment to a government ministry, the revenue collector issue ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
Receipt and payments: 31st December 2016 Cash at bank------460 Ne...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
The objective of the purchase ledger control account is to established the? ...