If it is required to maintain fixed capitals then the partners shares of profits must be (A)

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If it is required to maintain fixed capitals then the partners’ shares of profits must be
(A) Debited to capital accounts
(B) Credited to capital accounts
(C) Debited to partners’ current accounts
(D) Credited to partners’ current accounts

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 11:32 PM

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If it is required to maintain fixed capitals then the partners shares of profits must be (A)

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Frank Woods Business Accounting Volume 1

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