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Why is it written in the partnership deed whether capital accounts will be fixed or fluctuating?

Answer and explanation

Correct answer: To decide the accounting method of capital accounts

Fixed or fluctuating capital method changes the presentation of accounts. This term in the deed keeps accounting clear.

Related tags

Fixed CapitalFluctuating CapitalCapital AccountsPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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