Which of the following is mostly used in treating partners' current earnings?
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Correct Answer: Option B
Explanation:
Current account of partners' is also a type of Capital Account. So if there is a debit balance in Current Account, it means a loan give to the Partner by the Firm.
Current account of partners' is also a type of Capital Account. So if there is a debit balance in Current Account, it means a loan give to the Partner by the Firm.