Under the __________ method,only one account,i.e.capital account is maintained for each partner.
Variable capital
Marginal capital
Fixed capital
Fluctuating capital
____________ is the balance of the current account will fluctuate from year to year.
Variable Capital
Fixed Capital
Fluctuating Capital
None of these
Under the __________ method , the capitals of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement among the partners.
Partnership is the result of an ____________ between two or more persons to do business and share its profit and losses.
Liability
Asset
Agreement
