Under which capital method, the capital in the beginning of the year shall be always different from that in the end of the year?

Which of the following shall have effect on the capital account of partners under fixed capital method?

Under this method, only 1 account i.e. partner`s capital account is maintained. This method is :

If the date of withdrawal is not given, then the interest on drawings is calculated for an average period of ___

Which of the following is not included in profit or loss appropriation account?

Partner`s capital is said to be ___ if it alters with every transaction in the capital account.

Under ___ method, the balance of the capital account fluctuates from year to year.

Under ___ Method, entry is made in Capital Account only of capital introduced or existing capital is permanently withdraw by agreement.

Partners can draw salaries if _____________

Which of the following is a credit to profit & loss appropriation account?