Accountancy, asked by himanshin1769, 11 months ago

When are partners currebt accounts maintained ?

Answers

Answered by Manavo
0

Answer:

Partner's Current Account is maintained when there is a case of Fixed Capital

In this Two Accounts are opened as :

(i)Partner's Capital A/C - Only Introduction and Withdrawal of Capital is recorded

(ii)Partner's Current A/C - All other transactions like Remuneration, IoD, IoC, etc. are recorded.

Explanation:

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