Question

Maintenance of Capital Accounts of Partners
May l get a correct answer guys pls​

Answer 1

Answer:

Fluctuating Capital Method: Under the fluctuating capital process, only one account, that is capital account is recorded and maintained for every partner. All the adjustments namely – interest on capital, the share of profit and loss, interest on drawings, drawings, commission to partners or salary, etc.

Answer 2

✨Thus under this method, two accounts are maintained for each partner viz., capital account and current account, While the partners' capital accounts shall always appear on the liabilities side in the balance sheet, the partners' current account's balance shall be shown on the liabilities side, if they have credit ...✨

✨yes why not dear ✨