Question

what is fluctuating capital​

Answer 1

Answer:

here is your answer for the above question

Answer 2

Answer:

A partnership term. When the capitals of partners are fluctuating, all adjustments with regards to the interest on capitals, interest on drawings, partners salaries etc. are passed through the capital accounts of the partners.

Is type of partner's capital which change over a accounting year or all the adjustment regarding appropriate profit ,ioc ,iod are done in partner's capital a/c

Explanation:

Fixed capital account method is that method in which the capitals of the partner’s remains fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement or requirement of the partners and all other adjustments like share of profit or loss, interest on capital, drawings, etc. are recorded in a separate account which is called partner’s current account whereas fluctuating capital account method is that method in which only one account called capital account is maintained and all adjustments are like share of profit or loss, interest on capital, drawings, etc. are recorded in capital account of the partner.