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प्रश्न
State whether the following statement are True or False.
Capital account always shows credit balance.
पर्याय
True
False
MCQ
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उत्तर
False.
Explanation: It is not necessary that a partner’s capital account will always show a positive balance (i.e. credit balance). The capital account of a partner might show a debit balance when a partner withdraws more than his or her share of profits from the firm. Hence, the given statement is incorrect.
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