Question

Mention the items that may appear on the debit side of capital account when the capitals are fluctuating

Answer 1

Answer:

Items that may appear on the debit side of the Capital Account when the capitals are fluctuating :

Interest on drawings;

Drawings of the partners;

Share of loss of each partner;

Withdrawal of capital by the partners;

Closing Balance of the Partner's capital account.

Explanation:

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