State any 2 difference fixed and flucturating capital method table sheet correct answer guys pls
Answers
Answer:
Fixed Assets and Current Assets.
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Difference between Fixed Capital Account and Fluctuating Capital Account.
Fixed Capital Account Fluctuating Capital Account
Fixed capital account has two accounts which are capital account and current account Only one account that is capital account
Capital Account status
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Answer :-
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Fixed Capital
Fixed capital consists of assets that are not consumed or destroyed in the production of a good or service and can be used multiple times. Property, plant, and equipment are standard fixed capital items. Fixed capital assets are usually illiquid items and are depreciated over time.
Flucturating Capital
Fluctuating capital is a type of capital account which changes/fluctuates every time there is addition in capital or when capital is withdrawn. Interest on capital, profit, salary, commission all appears on the credit side and interest on drawings, drawings appears on the debit side.
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