This is a power point presentation of method of maintaining capital account for partners

1. Name of student teacher : Siniya . A
Subject : Accountancy
Unit : Accounting for
partnership –Basic concept
Topic : Methods of maintaining
capital account of partners

3.  Fixed Capital Method
 Fluctuating Capital Method

4. Under this method , two accounts are prepared
for each partners. They are
 Partners Capital Account
 Partners Current Account

5. Particulars Amount Particulars Amount
Balance c / d xxx
Balance b / d xxx
xxx xxx

6. Particulars Amount Particulars Amount
Drawing
Interest on drawing
Profit and loss A/c
(share of loss in case of loss)
Balance c / d
xxx
xxx
xxx
xxx
Balance b / d
Interest on capital
Salary
Commission
Profit and loss A/c
(share of profit in case of profit)
xxx
xxx
xxx
xxx
xxx
xxx xxx

7. Under the fluctuating capital method only one
account for each partners is maintained. i.e. ., capital
account. Under this method ,the capital of partners
will fluctuate from time to time.

8. Particulars Amount Particulars Amount
Drawings
Interest on drawings
Profit and loss A/C
(share of loss in case of loss)
Balance C/d
xxx
xxx
xxx
xxx
Balance B /d
Cash (Amount introduced)
Interest on capital
Salary
Commission
Profit and loss A/c
(share of profit)
xxx
xxx
xxx
xxx
xxx
xxx xxx