Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 17 - No. 2)

Which of the following elements are typically included in the ledger accounts for partners?

Capital contributions

Drawings

Salaries

Profit shares

Explanation

Ledger accounts for partnerships record all financial transactions related to each partner, encompassing capital contributions, drawings, salaries, and profit sharing.

Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 17 - No. 2)

Explanation

Comments (0)