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In Fluctuating Capital Method, the capital of a partner ______. -

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Question

In Fluctuating Capital Method, the capital of a partner ______.

Options

  • Unchanged

  • Fluctuates from time to time

  • Fluctuates only at the beginning of the year but is fixed at the end

  • Maintained

MCQ
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Solution

In Fluctuating Capital Method, the capital of a partner fluctuates from time to time.

Explanation:

Every transaction involving the partners' capital causes the capital to fluctuate, resulting in a fluctuating capital account.

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Maintenance of Capital Accounts of Partners
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