Question

Which items are entered in partner's current account.


Need ASAP!!!​

Answer 1

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In the case of partnership type of ownership in a business, partner current accounts is prepared when capital is fixed.

Transactions such as drawings,salary,and interest on capital and drawings ate recorded. The balance of this account fluctuates every year. The balance can be both credit or debit.

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Answer 2

Answer:

In the case of partnership type of ownership in a business, partner current accounts is prepared when capital is fixed.

Transactions such as drawings,salary,and interest on capital and drawings ate recorded. The balance of this account fluctuates every year. The balance can be both credit or debit.