Answer in one sentence only : 1] What is fluctuating capital ?2] Why i

1.	Answer in one sentence only : 1] What is fluctuating capital ?2] Why is partnership deed necessary ?
Answer» 1) *Fluctuating* capital method is one in which capital balances of the PARTNERS go on changing every year due to entries for adjustments LIKE drawings, interest on capital and drawings, salaries, commission, allowances, etc. RECORDED in their capital accounts. 2) A partnership deed is PREPARED to establish a partnership officially that has all the terms and conditions associated with it to avoid disputes in future. ... * The various terms specified in the partnership deed are salary, drawings, interest on capital, profit and loss sharing and many more. *MARK* ME AS *BRAINLIEST*

Answer in one sentence only : 1] What is fluctuating capital ?2] Why is partnership deed necessary ?

Answer»

1) Fluctuating capital method is one in which capital balances of the PARTNERS go on changing every year due to entries for adjustments LIKE drawings, interest on capital and drawings, salaries, commission, allowances, etc. RECORDED in their capital accounts.

2) A partnership deed is PREPARED to establish a partnership officially that has all the terms and conditions associated with it to avoid disputes in future. ... * The various terms specified in the partnership deed are salary, drawings, interest on capital, profit and loss sharing and many more.

MARK ME AS BRAINLIEST

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