Difference between Fixed Capital Account and Fluctuating Capital Account

Difference between Fixed Capital Account and Fluctuating Capital Account


Basis

Fixed Capital Account

Fluctuating Capital Account

1. No Of Accounts Maintained

Two accounts are maintained for each partner: Fixed Capital Account and Current Account.

Only one account (viz., Capital Account) is maintained for each partner.

2. Frequency of Change

Balance in Fixed Capital Account does not change except under specific circumstances.

The balance changes frequently from period to period.

3. Adjustment for Drawings, etc.

All adjustments for drawings, interest on drawings, interest on capital, salary, share of profit/loss are made in Current Account.

All adjustments for drawings, interest on drawings, interest on capital, salary, share of profits and losses are made in Capital Account.

4. Balance

It always shows credit balance in Capital Account.

Fluctuating Capital Account can also show debit balance.


Join COC Education, We provided best video classes for CA/CMA/CS/Class 11th & 12th/ B.com/M.com

Contact us on- 9999631597, 8448322142, 7303445575

Visit YouTube Channel CA/CMA Santosh Kumar

Click Now for Demo Video www.coceducation.com/free-lectures

Join WhatsApp group for your domain course www.coceducation.com

 

ENROLLED WITH US TODAY AND ENLIGHTEN YOUR CAREER!!!

 

 

Related Courses

Related Courses Latest Blogs




Top Reviews

Introduction to Statistics for CA Foundation

Introduction to Statistics for CA Foundation Business Mathematics, Logical Reasoning and Statistics is designed as per latest CA Foundation syllabus for Paper 3 to provide a firm grounding in the principles, techniques and practice. The book adopts self-study approach and has been written in student-friendly manner. With a blend of conceptual learning and problem-solving approach, it offers in-depth understanding of the basic mathematical and statistical tools. #introductiontostatistics


Chapter X of Companies Act 2013

Chapter X of Companies Act 2013 The company shall place the matter relating to such appointment for ratification by members at every annual general meeting. ... Under the Act, the provisions for rotation of auditors in the listed Company & certain other class of Companies, have been provided for. #chapterxofcompaniesact2013


Relevant sections under the Companies Act, 2013 dealing with fraud and false statements

Relevant sections under the Companies Act, 2013 dealing with fraud and false statements The new parent corporate law “The Companies Act 2013” is mostly ... I am limiting my write-up to the provisions to the Act, and I request the readers to refer relevant rules, if any, before ... in the 2013 Act is the Section 447 dealing with “Punishment for fraud”. ... Section 448


What is Corporate Image

What is Corporate Image A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public. The corporate identity is typically visualized by branding and with the use of trademarks, but it can also include things like product design, advertising, public relations etc #WhatisCorporateImage


What is Energy Audit

What is Energy Audit An energy audit is an inspection survey and an analysis of energy flows for energy conservation in a building. It may include a process or system to reduce the amount of energy input into the system without negatively affecting the output. #whatisenergyaudit