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Which information in the deed is especially useful under fluctuating capital method?

Answer and explanation

Correct answer: Rules about profit, drawings, interest and salary

In fluctuating capital method, all adjustments go to capital account. Hence appropriation terms of the deed are important.

Related tags

Fluctuating CapitalAppropriationPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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