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Under fluctuating capital method partners final share of profit will be credited to which account?

Answer and explanation

Correct answer: Capital account

Under fluctuating capital method all partner adjustments are recorded in capital account. So profit share is credited to capital account.

Related tags

Fluctuating CapitalCapital AccountProfit ShareProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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