what account are maintained if capital are fixed
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what account are maintained if capital are fixed
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Answer:
Fixed capital method:
Under fixed capital method, the capital of the partners is not altered and it remains generally fixed. Two accounts are maintained for each partner namely (a) Capital account and (b) Current account.
Explanation:
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Answer:
Under fixed capital method, the capital of the partners is not altered and it remains generally fixed. Two accounts are maintained for each partner namely (a) Capital account and (b) Current account.
Explanation: