Accountancy, asked by akankshakurrey072, 1 day ago

partner should open a current account when capital is done

Answers

Answered by gayatribonia12345

Explanation:

Answer:

Fixed

Explanation:

Current account of the partners should be opened when capitals are Fixed that means when capital accounts of partners shows fixed amount of balance every year.

Answered by perweensaista

Explanation:

A current account is opened when the capital of partners is fixed. In such a case, all transactions relating to (except introduction and withdrawal of capital) interest on capital, interest on drawings, salary to partners, etc. are recorded in current account.

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