Business Studies, asked by manojthami10, 4 months ago

the balance of partners current account is always positive?discuss

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Answered by Anonymous

3

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Normally Partner's Current Account has a Credit Balance but, if a partner has withdrawn more than his or her share of profits, then it will have a Debit Balance.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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