When partners’ capital accounts are fixed, which one of the following items will be written in the partner’s capital account :
A. Partner’s Drawings
B. Additional capital introduced by the partner in the firm
C. Loan taken by partner from the firm
D. Loan Advanced by partner to the firm
Answer:B
When partners’ capital accounts are fixed, which one of the following items will be written in the partner’s capital account :
A. Partner’s Drawings B. Additional capital introduced by the partner in the firm C. Loan taken by partner from the firm D. Loan Advanced by partner to the firm