When the fixed capital method is used, the partners' ...
When the fixed capital method is used, the partners' share of profits and remunerations are credited to the
Current account
Profit and loss account
Profit and loss appropriation account
Capital account
Correct answer is D
The partnership capital account is an equity account in the accounting records of a partnership. It contains the following types of transactions:
The measure of a company's ability to pays its debts quickly is called ...
The amount for which a business is sold is that ...
The health department of Banjul Local Government incurred the following expenditure in 2020: ...
i. Operating machines ii. Furniture iii. Fixtures and fitting iv. Loan from friends V. Creditors...