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When 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?

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

SOLUTION

Fluctuating Capital Method.


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Previous PostName the methods according to which partner’s capital accounts are maintained.
Next PostIn case the partner ‘s capital accounts are fixed; withdrawal of capital is recorded in which account?(C.B.S. E. 2020, Mumbai, Chennai)

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