The interest on partners’ Capital Accounts under fluctuating method is to be credited to:
A. Profit & Loss A/c
B. Interest A/c
C. Partner’s Capital A/c
D. None of these
Answer:A
The interest on partners’ Capital Accounts under fluctuating method is to be credited to:
A. Profit & Loss A/c B. Interest A/c C. Partner’s Capital A/c D. None of these