Question

patners current account may have debit or credit balance ​

Answer 1

Answer:

Normally Partner's Current Account has a Credit Balance but, if a partner has withdrawn more than his or her share of profits, then it will have a Debit Balance. The credit balances of Partner's Current Account are shown on the Liabilities Side of Balance Sheet, as much of amount due to them..

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Answer 2

Answer:

true

Explanation:

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