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

AP
Question Practice

What does the current account indicate if it has 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

What does the current account ...

Single Answer MCQ
Q-00082031

What does the current account indicate if it has a credit balance?

1

The partner has withdrawn more than deposited

2

Partner is owed more than withdrawn

3

The capital account is higher

4

The partner is in debt to the firm

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