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