how to convert fixed capital a/cs to fluctuating capital a/cs. Refer Q.67 of ts grewal XII 2014.
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The two accounts of the individual are fixed capital and then fluctuating capital.
Fixed capital is nothing but a fixed amount which is invested to but the fixed assets for the company.
On the other hand, fluctuating capital is required to make the transactions such as making salaries, drawings, and so on.
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