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What balance does a Partner’s Current Account has?
- a)Debit balance
- b)Credit balance
- c)Either ‘a’ or ‘b’
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What balance does a Partner’s Current Account has?a)Debit balanc...
Hold in a partnership?
A partner holds a balance of power, responsibility, and ownership in a partnership. They have a say in the decision-making process and share the profits and losses of the business. Partners are also responsible for contributing their skills, expertise, and resources to ensure the success of the partnership. Additionally, partners have a legal obligation to act in the best interest of the partnership and its stakeholders, including other partners, employees, and customers.
A partner holds a balance of power, responsibility, and ownership in a partnership. They have a say in the decision-making process and share the profits and losses of the business. Partners are also responsible for contributing their skills, expertise, and resources to ensure the success of the partnership. Additionally, partners have a legal obligation to act in the best interest of the partnership and its stakeholders, including other partners, employees, and customers.
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What balance does a Partner’s Current Account has?a)Debit balanc...
One of January 2018 BNC inter into partnership contributing of a rupees dollar and rupees ecl respectively and sharing profit and losses in the ratio of five pressure three ratio 2 b and c are entitled to a salary of rupee solar and rupees church respectively repair interest on capital is allowed at 5% interesting is a change down driving during the year of his charge interest charge on driving a rupees 2018 daughter before the above mentioned the adjustment was a rupees a quarter so prepare profit and loss appreciation account and partners partners capital account Dr
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What balance does a Partner’s Current Account has?a)Debit balanceb)Credit balancec)Either ‘a’ or ‘b’d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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What balance does a Partner’s Current Account has?a)Debit balanceb)Credit balancec)Either ‘a’ or ‘b’d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What balance does a Partner’s Current Account has?a)Debit balanceb)Credit balancec)Either ‘a’ or ‘b’d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What balance does a Partner’s Current Account has?a)Debit balanceb)Credit balancec)Either ‘a’ or ‘b’d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
What balance does a Partner’s Current Account has?a)Debit balanceb)Credit balancec)Either ‘a’ or ‘b’d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What balance does a Partner’s Current Account has?a)Debit balanceb)Credit balancec)Either ‘a’ or ‘b’d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What balance does a Partner’s Current Account has?a)Debit balanceb)Credit balancec)Either ‘a’ or ‘b’d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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