Fluctuating Capital Account is credited with:
Interest on capital
Profit of the year
Remuneration to the partners
All of these

Question

Fluctuating Capital Account is credited with-Interest on capitalProfit of the yearRemuneration to the partnersAll of these

Toppr Admin · Accepted Answer

Fluctuating capital is a type of capital account which changes-fluctuates every time there is addition in capital or when capital is withdrawn- Interest on capital- profit- salary- commission all appears on the credit side and interest on drawings- drawings appears on the debit side-xA0-

Fluctuating Capital Account is credited with:Interest on capitalProfit of the yearRemuneration to the partnersAll of these

Fluctuating capital is a type of capital account which changes/fluctuates every time there is addition in capital or when capital is withdrawn. Interest on capital, profit, salary, commission all appears on the credit side and interest on drawings, drawings appears on the debit side.

Fluctuating Capital Account is credited with:
Interest on capital
Profit of the year
Remuneration to the partners
All of these