Question

When is partner's current account opened? (Answer in one sentence)

Answer 1

WHEN PARTNERSHIP FIRM ADOPTED FIXED CAPITAL METHOD

Answer 2

Answer:

As per the question,

Current account

* Unlimited deposits,  

* Low account maintenance charge

* Free monthly settlement

* Unlimited free cash withdrawal

* Overdraft Facility

* Free fifty multi-city cheque slips per month

* Purpose:  For frequent tans cations of business and / profession. deposing money and defraying creditors get.

* Interest offered: does not earn Interest  

* Tax deduction: Unavailable