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Difference between fixed capital a/c and …

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Difference between fixed capital a/c and fluctuating capital a/c

Posted by Monica Krmdb 4 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

<center>Fixed Capital Account</center>	Fluctuating Capital Account
Fixed capital account is that form of capital account where the business maintains two different accounts which are related to the different kinds of transactions that take place in the capital of the partners	Fluctuating capital account is that form of capital account where the capital of the partners keep on fluctuating
Fixed capital account has two accounts which are capital account and current account	Only one account that is capital account
This type of capital account remains constant	This type of capital account fluctuates
Needs to be mentioned specifically in partnership deed	No need to be mentioned in partnership deed

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