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Distinguish between 'fixed capital account' and …

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Distinguish between 'fixed capital account' and 'Fluctuating capital account' on the basis of credit balance

Posted by Hans Jaiswal 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Difference between fixed and fluctuating capital account is stated below

Basis	Fixed Capital account	Fluctuating capital account
Credit balance	It always shows credit balance in capital account as Capital seldom changes except introduction of new capital or withdrawal of capital.	Fluctuating capital can also show credit balance, as well as, debit balance because all entries are made in one account. Therefore, when losses are more or when drawings are more than capital, it may show a debit balance too

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