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Under fluctuating capital method where is accumulated loss debited?

Answer and explanation

Correct answer: Old partners capital accounts

Under fluctuating capital method adjustments are made directly in capital accounts. Accumulated loss is debited to old partners capital accounts.

Related tags

Fluctuating CapitalAccumulated LossCapital AccountReservesReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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