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Introduction to Partnership and Partnership Final Accounts — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyIntroduction to Partnership and Partnership Final Accounts1 Mark
Question
What is Fluctuating Capital?
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Answer

When capital balances of the partners go on changing every year due to transactions of partners with the firm, it is known as Fluctuating Capital.

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