When the fixed capital method is used, the partners' share of profits and remunerations are credited to the
a
current account
b
profit and loss account
c
profit and loss appropriation account
d
capital account
Explanation
Correct Option
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lovelybenjamin
9 years ago
A. Is the current answer pls and D. Because fixed capital account , each partner has a capital account and a current account and the current account is use to record items like share of profit, share of loss, drawings, interest on drawing and interest on capital.
