What should be credited while the introduction of capital by a partner?
bank account
capital account
profit and loss account
salary account
The capital account must be credited while the introduction of capital by the partner.
While adjusting for goodwill, ___________ partners' capital account is debited and ___________ partners' capital account is credited.
If the value of goodwill is Rs. 3,00,000. The PSR of A, B and C is 1:1:1. A retires and new profit sharing ratio is 1:1. B and C Capital accounts will be debited with what amount?