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Sought out the problem
hii guyysss....
plz tell me that...
why we are prepared fixed capital a/c & fluctuating capital a/c in partnersship firmssss...
Replies (1)
It is the choice of the partners whether to keep capital intact and do the transactions relating to drawings , profit through the partners current a/c. The advantage is that it helps in calculating interest on capital on a fix amount.
Regards Raj C Doshi
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