Practicing Success
Fluctuating capital account is credited with which of the following? |
Profit of the year Interest on Capital Remuneration to the partners All of above |
All of above |
Fluctuating capital is a type of capital account which changes/fluctuates every time there is addition in capital or when capital is withdrawn. Interest on capital, profit, salary, commission all appears on the credit side and interest on drawings, drawings appears on the debit side. |