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Question 11 Not yet answered Marked out of 1 Flag question If a firm is maintaining both capital accounts and current accounts of the partners
Question 11 Not yet answered Marked out of 1 Flag question If a firm is maintaining both capital accounts and current accounts of the partners A and B. Additional capital introduced by B will be recorded in: a. Partner B's current account o b. Partner B's capital account O c. Either in current account or capital account O d. All options are correct Question 31 Not yet answered Marked out of 1 P Flag question When A and B sharing profits and losses in the ratio 5:3, admit C as a partner giving him 1/9th share of profits? This will be given by A and B: O a. None of these are correct O b. Equally O c. In their profit sharing ratio O d. In their capitals ratio Question 35 Not yet answered Marked out of 1 Flag question Which of the following accounts are not transferred to Realization Account? ? a. All options are correct b. Cash/Bank Account O c. Reserve fund O d. Bank overdraft
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