Distinguish between 'Fixed Capital Account' and 'Fluctuating Capital Account' on the Basis of Credit Balance. (Al 2017, COSE 2019)

Distinguish between ‘Fixed Capital Account’ and ‘Fluctuating Capital Account’ on the Basis of Credit Balance. (Al 2017, COSE 2019)

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Fixed Capital Account always shows a credit (positive) balance, while Fluctuating Capital Account may show debit (negative) or credit (positive)’balance.

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