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Journalising Transactions

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What is the treatment of the partner's capital account in case of salary payment made to partners?

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Debit

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Q. M/s. RSA maintains Partners' Capital Accounts under Fixed Capital Accounts Method. Accountant of the firm has credited their salary and interest on capital to their Capital Accounts. Do you agree with the treatment? Give reasons for your answer.

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Journalising Transactions

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