Which of the following is not the feature of fluctuating capital in partnership-
CUET UG 2025 — Accountancy Partnership
Which of the following is not the feature of fluctuating capital in partnership-
Held on 27 May 2025 · Verified 13 Jul 2026.
Options
- A
Under the fluctuating capital method, only one account, i.e. capital account is maintained for each partner
- B
The partners' capital accounts will always show a credit balance, which shall remain the same (fixed) year after year unless there is any addition or withdrawal of capital.
- C
All the adjustments such as share of profit and loss, interest on capital, drawings, interest on drawings, salary or commission to partners, etc are recorded directly in the capital accounts of the partners.
- D
In the absence of any instruction, the capital account should be prepared by this method.
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