Question : Which accounts are opened when partners have fluctuating capitals?
Option 1: Capital A/c's
Option 2: Current A/c's
Option 3: Both (a) and (b)
Option 4: Neither (a) nor (b)
Correct Answer: Capital A/c's
Solution : Only Capital A/c's are opened when the partner's capitals are fluctuating. Hence, the correct option is 1.
Question : Which of the following accounts are opened when partners have fluctuating capital?
Question : Current Account of the partners should be opened when capital are:
Question : Interest on partner's drawings is credited to:
Question : Which of the following accounts are opened when partners have fixed capital?
Question : Interest on capital to partners is credited to:
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