Advertisements
Advertisements
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.
shaalaa.com
Maintenance of Capital Accounts of Partners
Is there an error in this question or solution?