Question

difference fixed capital and fluctuating capital​

Answer 1

Answer:

Fixed Capital Account

Fluctuating Capital Account

Definition

Fixed capital account is that form of capital account where the business maintains two different accounts which are related to the different kinds of transactions that take place in the capital of the partners

Fluctuating capital account is that form of capital account where the capital of the partners keep on fluctuating

Number of Accounts

Fixed capital account has two accounts which are capital account and current account

Only one account that is capital account

Capital Account status

This type of capital account remains constant

This type of capital account fluctuates

Partnership Deed

Needs to be mentioned specifically in partnership deed

No need to be mentioned in partnership deed

Answer 2

Fixed Capital Account Fluctuating Capital Account

Fixed Capital Account Fluctuating Capital AccountThis type of capital account remains constant This type of capital account fluctuat

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