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Give the Word / Term Or Phrase Which Can Substitute Each of the Following Statement. Method of Capital Account in Which Capital Balances of Partners Changes Every Year? - Book Keeping and Accountancy

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प्रश्न

Give the word / term or phrase which can substitute the following statement.
Method of Capital account in which capital balances of partners changes every year?

एक शब्द/वाक्यांश उत्तर
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उत्तर

Fluctuating Capital Method

Explanation: In this method, the capital balances of partners change every year. This is because under fluctuating capital method, only one account, i.e. Capital Account, is opened and every transaction is recorded in it.

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अध्याय 1: Introduction to Partnership - Exercise 2 [पृष्ठ १३]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Introduction to Partnership
Exercise 2 | Q 1 | पृष्ठ १३
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