Answers (6)

newfound 11-10-2012
newfound - Memorial University of Newfoundland
 In fluctuating capital account, all transactions relating to partners, such as drawings, salaries etc. are recorded in capital account, in addition to entries relating to capital account. Source:http://in.docsity.com/en-docs/Business_Entities-Financial_Accounting-Lecture_Handout_
Comment 
jokerxxx 20-10-2012
jokerxxx - University of California (CA) - UCLA
"Interest on Capital, Earnings for you to Companions, Fascination on Sketches, Mission for you to Lovers, Associates Talk about of Profits are all quantities of which belong your lovers. By Meeting all of us credit ratings/money most of these portions associated with lovers to their capital accounts. This would resulted in balance wheel within the Spouses getting modified. "  
Comment 
Comment 
Comment 
Comment 
Comment 

Add your answer

Up to 60 download points

Related questions