CUET Accountancy - Which of the following entry shows withdrawal of excess capital by partner's ?: | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Partnership

Easy

Partner's capital A/c is debited and Cash/Bank A/c is credited

Cash/Bank A/c is debited and partner's capital A/c is credited

Drawings A/c is debited and profit and loss A/c is credited

Profit and loss A/c is debited and Drawings A/c is credited

✅ Correct Option: 1

Related questions:

30 May Shift 2

Which among the following is not the feature of a fixed capital method by which the capital accounts of partners can be maintained?

27 May Shift 2

Under the fixed capital method, the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners.

Which among the following is NOT the feature of the fixed capital method?

22 May Shift 2

In the case of fixed capital method, following two accounts are maintained.

CUET Accountancy 2025 15 May Shift 2 PYQs

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