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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
Which accounts are prepared in the fixed capital account method?
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Answer

Following two accounts are prepared in the fixed capital account method. $(1)$ Partners capital accounts. $(2)$ Partners current accounts.

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