Match List I with List II- When the partner's capital is fixed.
| List I | List II |
| A. Additional capital introduced | I. Credit side of current account |
| B. Withdrawal of capital | II. Debit side of current account |
| C. Drawings | III. Debit side of partner capital account |
| D. Salary payable to partner | IV. Credit side of partner capital account |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → A-IV, B-III, C-II, D-I
Under the fixed capital method only permanent changes in capital go to the capital account; all other items go to the current account.
(A) Additional capital introduced — this matches (IV) Credit side of partner capital account.
(B) Withdrawal of capital — this matches (III) Debit side of partner capital account.
(C) Drawings — this matches (II) Debit side of current account.
(D) Salary payable to partner — this matches (I) Credit side of current account.
NCERT (2026-27 edition): NCERT (2026-27 edition):
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