CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Journalising Transactions

Give the word...

Question

Give the word / term or phrase which can substitute each of the following statement.

Method of Capital account in which capital balances of partners changes every year?

Open in App

Solution

Fluctuating Capital Method
Explanation: In this method, the capital balances of partners change every year. This is because under fluctuating capital method, only one account, i.e. Capital Account, is opened and every transaction is recorded in it.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Give the word / term or phrase which can substitute each of the following statement.

Under this method capital balances of partner remain constant.

Q. Give a word / term / phrase which can substitute each of the following statements :

The account to which deceased partners capital balance is transferred.

Q. Write the word / term / phrase, which can substitute each of the following statements.

Debit balance of an insolvent Partner’s Capital Account.

Q. Write the word/term or phrase which can substitute each of the following statement.

Excess actual capital over proportionate capital.

Q. Give a word / term / phrase which can substitute each of the following statements :

Excess of proportionate at capital over actual capital.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Accounting Aspect

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Journalising Transactions

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon