Question : Current Account of the partners should be opened when capital are:
Option 1: fluctuating
Option 2: fixed
Option 3: circulating
Option 4: none of these
Answer (1)
18th Jan, 2024
Correct Answer: fixed
Solution : Two accounts are opened when capitals are fixed: 1. Capital Account, and, 2. Current Account. Therefore, we can say the Current Account is opened when capital is fixed. Hence, the correct option is 2.
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