Question : What balance does a partner's capital account have, in case of fluctuating capital?
Option 1: Debit balance
Option 2: Credit
Option 3: Both (1) or (2)
Option 4: None of these
Answer (1)
25th Jan, 2024
Correct Answer: Both (1) or (2)
Solution : In case of fluctuating capital, a partner's capital account is having either a debit or credit balance. Hence, the correct option is 3.
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