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Question 8 Not yet answered Marked out of 1.00 p Flag question What is the treatment of interest on drawings under fluctuating capital method? a.

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Question 8 Not yet answered Marked out of 1.00 p Flag question What is the treatment of interest on drawings under fluctuating capital method? a. Debit to Capital Account b. No adjustment needed c. Credit to Current Account d. Credit to Capital Account Question 9 Not yet answered Marked out of 1.00 p Flag question What is the treatment of accumulated profits and losses on the retirement of a partner? a. Credited to all partners capital accounts in old ratio. b. Credited to remaining partners capital accounts in gaining ratio. c. Debited to all partners capital accounts in old ratio. d. Credited to remaining partners capital accounts in new ratio

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