Question

Which accounts are opened when the capitals are fixed :-
A. Only capital account
B. Only current account
C. Liability account
D. Capital and current account



ans capital account​

Answer 1

❤❤ HEY MATE HERE IS YOUR ANSWER:-

Option A:- Capital account

HOPE THIS HELPS YOU MATE AND PLEASE MARK ME AS BRAINLY ❤❤

Answer 2

Option D is the correct answer i.e. Capital and Current Account.

• When capitals are fixed both capital and current account is prepared.

• As, if there is any increase or decrease in the capital then it is shown in the capital account.

• And other things like Interest on Drawing, Interest on Capital these are shown in current account.

• Only Capital Account is prepared when capitals are fluctuating.

• Liability Account is prepared when there is any kind of loa against any partner.