Maintenance of Capital Accounts of Partners
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Capital accounts of partners of a firm may be maintained by following two methods: (i) Fixed capital method and (ii) Fluctuating capital method
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
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Maintaining the capital account of partners are given as:
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