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Under the fluctuating capital method, which item is NOT recorded in the capital account?
Anothing — all adjustments go to the capital account
Binterest on capital
Cshare of profit
Ddrawings
Answer & Solution
Correct answer: A. nothing — all adjustments go to the capital account
Under the fluctuating method ALL adjustments (interest, salary, drawings, profit share) pass through the single capital account, so nothing is excluded.
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