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Match the following items: (i) Partner's current accounts are opened when their capital accounts are (ii) Partner's capital accounts are opened when their capital accounts are

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Question

Match the following items:

(i) Partner's current accounts are opened when their capital accounts are (a) fixed
(ii) Partner's capital accounts are opened when their capital accounts are (b) fluctuating
    (c) both
    (d) none
Match the Columns
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Solution

(i) Partner's current accounts are opened when their capital accounts are (a) fixed
(ii) Partner's capital accounts are opened when their capital accounts are (c) both
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Chapter 1: Accounting for Partnership Firms - Fundamentals - OBJECTIVE TYPE QUESTIONS [Page 1.144]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 1 Accounting for Partnership Firms - Fundamentals
OBJECTIVE TYPE QUESTIONS | Q (D) 1. | Page 1.144
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