🎴 Flashcard Mode

Types of Accounts

Card1 / 15
Mastered0
Review0
QuestionClick to flip

If the capital accounts are fixed and commission is paid to a partner, it will be shown in

AnswerClick to flip back
A
credit side of partner's current account
💡 Explanation:

It will be shown on the credit side of partner's current account. When the capital is fixed, the current accounts of partners are prepared. It is an income for the partner. So, it will be shown on the credit side of the partner's current account.

Change Mode