Adjustments are recorded in partner current account in fixed capital method
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All the adjustments such as share of profit and loss, interest on capital, drawings, interest on drawings, salary or commission to partners, etc are recorded directly in the capital accounts of the partners.
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Answer: All the adjustments such as share of profit and loss, interest oncapital, drawings, interest on drawings, salary or commission to partners, etc are recorded directly in the capital accounts of the partners. ...
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