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  • Basics of Partnerships Test - 1
  • A partnership firm may open apartner's current accounts w...
Multiple choice

A partnership firm may open apartner's current accounts when capitals are

  1. fixed

  2. fluctuating

  3. capitals are equal

  4. capitals are unequal

  5. capitals are fixed and fluctuating both

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Yes, it is correct. A partner's current accounts are opened only when capital accounts are fixed.

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