Question

write method of partners capital account maintained.


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Answer 1

Answer:

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Methods of maintaining capital accounts of partners. Capital accounts of partners of a firm may be maintained by following two methods: (i) Fixed capital method and (ii) Fluctuating capital method. Amount invested by partners in the partnership business is called partners' capital.

Explanation:

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Answer 2

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Capital accounts of partners of a firm may be maintained by following two methods: (i) Fixed capital method and (ii) Fluctuating capital method. Amount invested by partners in the partnership business is called partners' capital. Capital may be contributed by a partner in cash or in the form of assets, etc.

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