Question

What are Fluctuating Capital..??​

Answer 1

Explanation:

Fluctuating capital method is one in which capital balances of the partners go on changing every year due to entries for adjustments like drawings, interest on capital and drawings, salaries, commission, allowances, etc. Recorded in their capital accounts.Under fluctuating capital method, the capital of the partners does not remain fixed but changes with each and every transaction. In this method, only one account i.e. Capital Account is maintained for each partner.

Answer 2

Explanation:

Under fluctuating capital method, the capital of the partners does not remain fixed but changes with each and every transaction. In this method, only one account i.e. Capital Account is maintained for each partner.

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