Question

where are the adjustments of partners recorded under
fluctuating capital method

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Answer 1

Fluctuating Capital Method :-

:- Capital accounts are called fluctuating when the balances of capital account change with each transaction . All adjustments related to interest on capital drawings, salary and profit are recorded in the capital accounts.

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Answer 2

Answer:

All the adjustments such as share of profit and loss, interest on capital, drawings, interest on drawings, salary or commission to partners, etc are recorded directly in the capital accounts of the partners. ... That's the reason why this method is called fluctuating capital method.