Skip to content
doubtly
Sign up
Log in to upvote 0 Log in to downvote
Chapter: Introduction to Partnership and Partnership Final Accounts· Book-Keeping & Accountancy

Write a word / term / phrase which can substitute the statement: Under this method, capital balances of partners remain constant.

Q.1 (B) (v) Write a word / term / phrase which can substitute the statement: Under this method, capital balances of partners remain constant.

Doubtly Asked Board exam · July 2025 hsc 12th Save WhatsApp Report
Sign in to comment

1 answer

Log in to upvote 0 Log in to downvote

Best answer

Answer: Fixed Capital Method

Under the fixed capital method each partner has a Capital Account and a separate Current Account. Interest, salary, share of profit and drawings are passed through the Current Account, so the balance of the Capital Account remains fixed unless capital is added or withdrawn.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report
Was this answer helpful?
Sign in to comment

Your answer

Log in or create a free account to answer this question.