GST Practitioner & Accounts
15072 Points
Joined March 2014
If nothing in deed regarding capital you have apply rules led down by the Indian partnership act ,1932 .
However normaly two method for partners capital
1) Fluctuating capital method - All adjustments are made in patners capital
2) Fixed capital method - For each partner a separate capital account is maintained , moreover a saparate Current Account is also maintained .