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AP
Question Practice

Under what circumstance will the partners' current account show a debit 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

Under what circumstance will t...

Single Answer MCQ
Q-00082026

Under what circumstance will the partners' current account show a debit balance?

1

When profits are shared

2

When capital is introduced

3

When drawings exceed the contributions

4

When the capital account is low

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What is a partnership and what are its chief characteristics?

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Q3.

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Q4.

If a partnership deed is silent on the profit-sharing ratio, how should profits be shared?

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