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Name the methods according to which partner’s capital accounts are maintained.

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Fixed Capital Accounts and Fluctuating Capital Accounts.


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Previous PostIn case of fluctuating capitals, where will you record drawings and interest on drawings?
Next PostWhen salary to partners, interest on capital, drawings, interest on drawings, Interest on Drawing etc. are recorded in capital accounts of partners, which method we are following to maintain the capital account?

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