Fundamentals of...

Items listed below appear in the Profit and loss appropriation account except:

If dates of the withdrawal of drawings are not given then interest on drawings should be charged:

Credit balance of Current Account is shown in which side of Balance sheet:

Sometimes a partner may be guaranteed a minimum amount of his share in profits by

When interest on capital is paid whether there is profit or loss it is known as

Interest on capital as a charge against profits in case of insufficient profit is

Interest on capital is calculated on

When rate of Interest on Drawings is given without the word per annum, interest will be calculated _____

How fixed capital account is differ from fluctuating capital account?