Question : The current account of partners is maintained if

Option 1: Capitals are fixed.

Option 2: Capitals are fluctuating.

Option 3: Capitals are fixed or fluctuating.

Option 4: It is decided by the partners.

Question : The current account of partners is maintained if

Option 1: Capitals are fixed.

Option 2: Capitals are fluctuating.

Option 3: Capitals are fixed or fluctuating.

Option 4: It is decided by the partners.

Question : Which accounts are opened when the capital are fixed?

Option 1: Only capital account 

Option 2: Only current account 

Option 3: Capital account as well as current account

Option 4: Either capital account or current accounts

Question : Which of the following is not a type of deposit account offered by banks?

Option 1: Savings account

Option 2: Current account

Option 3: Fixed deposit account

Option 4: Demat account

Question : When the unrecorded asset is taken by partners, it is debited to --------------------and credited to----------------------.

Option 1: concerned partners' capital account and cash Account

Option 2: concerned partners' capital account and Realization account

Option 3: realization account and partners capital account

Option 4: none of the above

Question : When the unrecorded asset is taken by partners, it is debited to --------------------and credited to----------------------.

Option 1: concerned partners' capital account and cash Account

Option 2: concerned partners' capital account and Realization account

Option 3: realization account and partners capital account

Option 4: none of the above