Advertisements
Advertisements
प्रश्न
State Whether the following Statement is True or False:
Current accounts of partners are maintained under the fluctuating capital method.
चूक किंवा बरोबर
Advertisements
उत्तर
The statement is false.
Explanation:
Under the fluctuating capital method, separate current accounts are not maintained. All transactions such as interest on capital, drawings, salary, commission, and share of profit/loss are recorded directly in the partners' capital accounts, causing the capital balances to fluctuate.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
