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Introduction to Partnership and Partnership Final Accounts — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyIntroduction to Partnership and Partnership Final Accounts1 Mark
Question
When are the Partners Current Account is opened?
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Answer

When Fixed Capital Method is adopted by the firm, Partners’s Current Account is opened.

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