Multiple Choice
A credit balance on a partner's current A/c is.
A) fixed capital
B) part of capital
C) a current asset
D) long - term liability
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: A is drawing Rs. 500 regularly on
Q16: Loss on realization is:<br>A)debited to partners capital
Q17: If no provision is made in agreement
Q18: When all partners are insolvent creditors will
Q19: When a partner dies, firm will receive
Q20: A person who receives a share of
Q21: Every partner has a right to be
Q22: Loss on realization is distributed among partners:<br>A)according
Q23: The persons who have entered into a
Q25: At the time of dissolution non -