Fluctuating capital account is credited with which of the following?

All of above

The correct answer is option 4- All of above.

Fluctuating capital account is credited with all of the above given items.

Under the fluctuating capital method, only one account, i.e. capital account is maintained for each partner. 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. This makes the balance in the capital account to fluctuate from time to time. That’s the reason why this method is called fluctuating capital method.