A. Savings account
B. Current account
C. Capital account
D. Share capital account
Correct Answer:
Option B – Current account
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.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…