What do you mean by fixed …

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Posted by Ranbir Sharma Ranbir Sharma 5 years, 8 months ago
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Meghna Thapar 5 years, 8 months ago
Fixed capital account and fluctuating capital account are the terms used in the context of partnership, a partnership is a way of doing business and in case of partnership two or more person come together to start a business and shares its profit and losses in an agreed ratio. Fixed Capital Account – Under this system, the capital which is introduced by partners will remain fixed throughout the life of the partnership. ... Fluctuating capital account method is usually preferred by partners; however they can also use fixed capital account according to their business and preference.
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