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Fluctuating capital account is credited with ______. -

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Question

Fluctuating capital account is credited with ______.

Options

  • Interest on capital 

  • Profit of the year 

  • Remuneration of partners 

  • All of the above

MCQ
Fill in the Blanks

Solution

All of the above.

Explanation:

In the event of a fluctuating account, all transactions involving the partners' capital are credited to the capital account.

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Maintenance of Capital Accounts of Partners
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