Partner`s capital is said to be ___ if it alters with every transaction in the capital account.

Fixed

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Current

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Fluctuating

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Both fixed and Fluctuating

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Solution

The correct option is C
Fluctuating

Partner`s capital is said to be fluctuating if it alters with every transaction in the capital account.

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Similar questions

List the items which may be debited or credited in capital accounts of the partners when

(i) Capitals are fixed

(ii) Capitals are fluctuating

Which of the following is credited to Partner`s capital account when capitals are fluctuating?

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