A credit balance on a partner’s current A/c is.

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
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?
• Balance of realization A/c is transferred to the capital A/c of the partners in:
• Current accounts of the partners should be opened when the capitals are:
• If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____
• 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: