Maharashtra State BoardHSC Arts 12th Board Exam
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Answer in One Sentence Only. What Are the Methods of Maintaining Partners’ Capital Accounts? - Book Keeping and Accountancy

One Line Answer

Answer in one sentence only.
What are the methods of maintaining partners’ capital accounts?

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Solution

There are two methods of maintaining partners’ capital accounts:-
1. Fixed Capital Method
2. Fluctuating Capital Method

Concept: Methods of Capital Accounts - Fixed and Fluctuating Capital Method
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 1 Introduction to Partnership
Exercise | Q 11 | Page 13
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