A credit balance on a partner's current A/c is.
A)fixed capital
B)part of capital
C)a current asset
D)long - term liability

Name: A credit balance on a partner's current A/c is. A)fixed capital B)part of capital C)a current asset D)long - term liability
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Question

Quizplus · Accepted Answer

A credit balance on a partner's current account is considered part of the partner's overall capital in the business. It represents the amount the business owes to the partner, which can be withdrawn or used according to the partnership agreement.

A Credit Balance on a Partner's Current A/c Is