Write the word/phrase/term, which can substitute each of the following

1.	Write the word/phrase/term, which can substitute each of the following statements.i. Partnership agreement in written form.ii. Under this method capital, balances of partners remain constant.iii. Proportion in which partners share profit.iv. Such a capital method in which only Capital Account is maintained for each partner.v. The account to which all adjustments are made when capital is fixed.
Answer» i. Partnership Deed ii. Fixed Capital Method iii. Profit-Sharing Ratio iv. Fluctuating Capital Method v. Current Account

Write the word/phrase/term, which can substitute each of the following statements.i. Partnership agreement in written form.ii. Under this method capital, balances of partners remain constant.iii. Proportion in which partners share profit.iv. Such a capital method in which only Capital Account is maintained for each partner.v. The account to which all adjustments are made when capital is fixed.

Answer»

i. Partnership Deed

ii. Fixed Capital Method

iii. Profit-Sharing Ratio

iv. Fluctuating Capital Method

v. Current Account