Sort: fixed capital method or fluctuating capital method?
Exercise and reference answers
- Items
- Item
- Two accounts: Capital + Current
- Answer
- left
- Item
- Capital balance stays unchanged
- Answer
- left
- Item
- Interest etc. routed to Current
- Answer
- left
- Item
- Single Capital A/c per partner
- Answer
- right
- Item
- Capital balance changes annually
- Answer
- right
- Item
- Drawings reduce Capital A/c directly
- Answer
- right
- Categories
- Left
- Fixed
- Right
- Fluctuating
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