When the current accounts of partners are opened
Dear Student,
Current accounts of partners are opened when partner's Capital are fixed.
Under Fixed Capital Method two accounts are maintained:-
(i) Partner's Capital A/C
(ii) Partner's Current A/C
Regards.
Current accounts of partners are opened when partner's Capital are fixed.
Under Fixed Capital Method two accounts are maintained:-
(i) Partner's Capital A/C
(ii) Partner's Current A/C
Regards.