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In case the Partner’s Capital are fixed, in which account will the withdrawal of capital be recorded?

Anurag Pathak
April 4, 2023
[CBSE] Fundamentals of Partnership Firm, Accountancy Class 12th

1.20K viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

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Anurag Pathak28.60K April 4, 2023 0 Comments

In case the Partner’s Capital are fixed, in which account will the withdrawal of capital be recorded?

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak28.60K Posted April 4, 2023 0 Comments

In the case of the Fixed Capital Method

Withdrawal out of capital is recorded at the debit side of the Partner’s capital account.

Anurag Pathak Changed status to publish April 4, 2023

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.