Assertion: Partner's current accounts are opened when their capit… - Vidyadip

MCQ

Assertion: Partner's current accounts are opened when their capital are fluctuating.
Reasoning: In case of Fixed capitals all the transactions other than Capital are done through Current account of the partner.

A
Both A and R are true and R is the correct explanation of A.
B
Both A and R are true but R is not the correct explanation of A.
C
A is true but R is false.
✓
A is false but R is true.

✓

Answer

Correct option: D.

A is false but R is true.

D

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