While the introduction of capital by a partner, partner's capital account is shown in which side?
debit
credit
not shown in the bank account
While the introduction of capital by a partner, partner's capital account is shown in the debit side.
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?