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If a current account is separately prepared under fluctuating capital method what main care is needed?

Answer and explanation

Correct answer: Adjustments should not be recorded twice

In fluctuating method adjustments usually go to capital account. If current account is made separately avoid double recording.

Related tags

Fluctuating CapitalCurrent AccountError PreventionCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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