Current accounts of the partners should be opened when the capitals are:

Related MCQs

• Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be
• In the absence of an agreement profit and loss are divided by partners in the ratio of:
• Partnership is formed by the partners by:
• Liability of partners in a partnership business is:
• Capital of the partners are maintained by:
• Drawings of the partners are:
• A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• Partners equity is effected due to:
• If all the partners, but one are insolvent it is: