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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
Fill in the Blanks
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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