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Answer in One Sentence Only. When is Partner’S Current Account Opened? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
When is partner’s current account opened?

एक पंक्ति में उत्तर
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उत्तर

A current account is opened when the capital of partners is fixed. In such a case, all transactions relating to (except introduction and withdrawal of capital) interest on capital, interest on drawings, salary to partners, etc. are recorded in current account.

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अध्याय 2: Partnership Final Accounts - Exercise 1 [पृष्ठ ६४]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 2 Partnership Final Accounts
Exercise 1 | Q 3 | पृष्ठ ६४
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