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Curriculum-aligned learning paths for students in Classes 6-12.

AP
Question Practice

In which circumstance would a partner's Current Account show a credit balance?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

In which circumstance would a ...

Single Answer MCQ
Q-00082001

In which circumstance would a partner's Current Account show a credit balance?

1

Partner withdraws excess capital

2

Partner's share of profit is higher than withdrawals

3

Drawings exceed the capital contribution

4

Partner incurs a loss

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