The Current Account always shows a credit balance.
Answers
Answered by
0
Answer:
Yes it can be please follow me and Mark me brainliest
Answered by
0
Answer:
No, the given statement is false.
Partners account not only shows a credit balance but also the debit balance of the partner.
The debit balance in the partner's account depicts that the partner owes to the firm or the company whereas the credit balance in the partner's account depicts that the company has to pay to the partner or the company owes to the partner.
I hope it's helpful for you
Similar questions