state any one transaction which is recorded in capital Account under Fixed Capital Method but not under Fluctuating Capital method
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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.
In place of a single capital account, we see as many capital accounts as there are partners.
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