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AP
Question Practice

What is the main characteristic of the fixed capital method in partnership accounting?

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MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

What is the main characteristi...

Single Answer MCQ
Q-00082018

What is the main characteristic of the fixed capital method in partnership accounting?

1

Partners can withdraw any amount at any time

2

Capital accounts are adjusted regularly

3

Partners' capital accounts remain unchanged unless capital is added or withdrawn

4

Profit sharing is not considered in capital accounts

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Q4.

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