Distinguish between ‘Fixed Capital Method’ and ‘Fluctuating Capital Method’ on the basis of balance of partners ‘capital accounts.
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Fixed capital account has two accounts which are capital account and current account. 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 has Only one account that is capital account. Where the capital of the partners keep on fluctuating.
Explanation:
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