Question

Partner's Current Accounts are opened when their Capital Accounts are:

विकल्प

• Fixed

• Fixed and Fluctuating

• Fluctuating

• None of these

Answer 1

Fixed

Explanation:

When a partner's capital accounts are fixed, the current account is formed, and all items and transactions, such as interest on capital, drawings, and so on, are adjusted through the current account, while the capital remains fixed.