12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    In case of fixed capitals, partners will have:

    A) credit balance in their capital accounts

    B) debit balance in their capital accounts

    C) may have credit or debit balances in their capital accounts

    D) credit balance or nil balance in their capital accounts

    Correct Answer: D

    Solution :

    [d] credit balance or nil balance in their capital accounts


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