Partnership Fundamentals Notes4

Study Material & Notes for the Chapter 1

Partnership - Fundamentals

IV. FIXED AND FLUCTUATING CAPITAL

Capital Accounts
A. Fixed Capital
  • Partners’ Capital Accounts
  • Partners’ Current Accounts
B. Fluctuating Capital
  • Partners’ Capital Accounts
A. Fixed Capital Ledgers
Partners’ Capital Accounts
Table 2.4.A1.1
Partners’ Current Accounts
Table 2.4.A2.1
B. Fluctuating Capital Ledgers
Partners’ Capital Accounts
Table 2.4.B1.1
C. Difference between Fixed & Fluctuating Capital Methods
Table 2.4.C1

In the absence of any information, always prepare fluctuating A/C

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