Interest on capital is credited to Partner’s Current Account. Name the method of maintaining a Capital Account.
Interest on capital is credited to Partner’s Current Account. Name the method of maintaining a Capital Account.
Anurag Pathak Changed status to publish April 9, 2023
Ans – Fluctuating Capital Method
Under the Fluctuating Capital Method, the interest on the partner’s capital is recorded on the credit of side of the Partner’s Current Account.
Anurag Pathak Changed status to publish April 4, 2023
