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Question : Which of the following accounts are opened when partners have fixed capital?

Option 1: Capital A/cs

Option 2: Current A/cs

Option 3: Both Capital A/cs and Current A/cs

Option 4: Either Capital A/cs or Current A/cs


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Both Capital A/cs and Current A/cs


Solution : Both Capital a/cs and Current A/cs are opened when partners have fixed capital. Hence, the correct option is 3.

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