Question : Which of the following accounts are opened when partners have fluctuating capital?
Option 1: Capital A/cs
Option 2: Current A/cs
Option 3: Both Capital A/cs and Current A/cs
Option 4: Either Capital of Current A/cs
Answer (1)
24th Jan, 2024
Correct Answer: Capital A/cs
Solution : Only Capital A/c is opened when partners have fluctuating capital. Hence, the correct option is 1.
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