Question

what are fixed capital account​

Answer 1

Answer:

Fixed Capital Account

Fixed Capital AccountA firm prepares Fixed Account with very basic capital related transactions. Unlike the Capital account, under these repetitive capital related transactions does not affect the Capital balance. Like, Salary of employees, commission for employees, interest on capital, interest on drawings, etc.

Explanation:

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Answer 2

Answer:

A firm prepares fixed account with very basic capital related transactions Unlike the capital account under these repititive capital realated transaction does not effect the capital balance