Question : Which of the following accounts are opened when partners have fixed capital?
Option 1: Capital A/cs
Option 2: Current A/cs
Option 3: Both Capital A/cs and Current A/cs
Option 4: Either Capital A/cs or Current A/cs
Correct Answer: Both Capital A/cs and Current A/cs
Solution : Both Capital a/cs and Current A/cs are opened when partners have fixed capital. Hence, the correct option is 3.
Question : Which of the following accounts are opened when partners have fluctuating capital?
Question : The interest on Partner's Capital Accounts is to be credited to
Question :
Correct the following sentence if it is
Summarize the following
Question : Alberuni's travel accounts are particularly valuable for their insights into which area of study?
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