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When the partners current accounts are prepared in partnership firm?

+1 vote

asked Apr 23, 2018 in Class 12 by kratos

When the partners current accounts are prepared in partnership firm?

dissolution of partnership firm
partnership final accounts
retirement
accounting for partnership firms
class-12
reconstitution of partnership
dissolution of firm

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1 Answer

+1 vote

answered Mar 21, 2020 by kratos

Best answer

Partners current account is prepared when the partners maintain their capital under Fixed Capital Method.

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