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data method is answer
Explanation:
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Answered by
1
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Explanation:
(A) Fluctuating capital
- no current account is maintained. All the transactions and events are passed through capital account , so in fluctuating capital method capital account balance fluctuate all the times
(B) Partner ship deed
- In order to start a partnership business their must be a deed (agreement)
between the parties this help to avoid conflict among the parties o future
(C) In the absence of partnership deed , partners will share profit and losses in the ratio
- In the absence of deed , Partners will share profit and losses "Equally"
(D) Fixed capital method
- Under the fixed nature of capital, each partner's capital remains constant from the start of the partnership .Credit is given for the partner's salary/commission, interest on capital, and share of the profit earned.
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