LIST I | LIST II | ||
A | Goodwill written off | I | Credit side of Profit and Loss A/c |
B | Partner's Salary | II | Debit side of Partner's Capital A/c |
C | Bad Debts Recovered | III | Debit side of Profit and Loss A/c |
D | Manager's Commission | IV | Credit side of Partner's Capital A/c |
LIST I | LIST II | ||
---|---|---|---|
A | Only Capital A/c exist | I | Credited to partner's capital account |
B | Capital account balance remain unchanged | II | Debited to Partner's Capital Account |
C | Fresh/additional capital brought in by partner | III | Fixed Capital Account |
D | Permanent withdrawal | IV | Fluctuating Capital Account |
List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
---|---|
(A) Share Capital Account | (I) Debited with amount not received |
(B) Share Forfeited Account | (II) Credited with amount not received |
(C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
(D) Securities Premium Account | (IV) Debited with amount called up |