Question : The balances of partner's current account are:
Option 1: Debit
Option 2: Credit
Option 3: Always credit
Option 4: either debit or credit
Answer (1)
25th Jan, 2024
Correct Answer: either debit or credit
Solution : The balance of partner's current account are either debit or credit because the capitals are fluctuating. Hence, the correct option is 4.
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