Accountancy, asked by PragyaTbia, 1 year ago

A debit balance of partner's current account will appear on the ________ side of the Balance Sheet. (Fill in the blank by choosing correct option)
a) asset
b) liability
c) debit
d) credit

Answers

Answered by Anonymous
8
I THINK

A IS THE ANSWER....
Answered by dualadmire
5

Answer:

The correct answer to the given question is option (a) Asset

Explanation:

A debit balance of partner's current account depicts the amount for the balance which the partner has to pay to the company or the firm.

If the payment is to be paid by the company to the partner, in that case, the balance of the current account of partner will appear on the debit side.

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