Question

Mention the items that may appear on the credit side of the capital account partner when the capitals are fluctuating​

Answer 1

Answer:

Opening credit balance of capital, additional capital introduced, share of profit, interest on capital, salary to a Partner, commission to a Partner.

Answer 2

The items that may appear on the credit side of the capital account of the partners account when the capitals are fluctuating are

• The opening credit balance of the capital
• Share of profit
• Additional capital introduced
• The interest of the capital
• Commission to a partner
• Salary to a partner

In a partnership firm, when the capitals of the partners are fluctuating all the adjustments are passed through the partner's capital account.