P1 C1 INTRODUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C1 INTRODUCTION OF PARTNERSHIP1 Mark
Question
What is fixed capital account method?
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Answer
A method of partners capital under which no change is reported in opening balance and closing balance in the partners capital account is known as fixed capital account method.
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