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What is meant by ‘Fluctuating Capital’ of a partner? (AI 2016 C)

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

SOLUTION

It is a method of maintaining Capital Accounts of partners under which all transactions related to a partner (such as his share of profit/loss, drawings, interest on capital or drawings, salary, etc.,) are recorded in his Capital Account.


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Previous PostWhat is meant by ‘Fixed Capital’ of a partner? (Delhi 2016 C)
Next PostDistinguish between ‘Fixed Capital Account’ and ‘Fluctuating Capital Account’ on the Basis of Credit Balance. (Al 2017, COSE 2019)

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