Question

Name one transaction which is is recorded in in capital account account under fixed capital method but not recorded in fluctuating capital method account

Answer 1

Answer:

The first difference we can notice, between accounting for sole proprietary form of business organisation and partnership form of business organisation is with regard to capital and its related aspects.

In place of a single capital account, we see as many capital accounts as there are partners.

Explanation:

Hope this is right answer

Answer 2

Answer:

Transations related to capitals are recorded in fixed capital account. That is; the amount invested by a partner in the firm.