Skip to content
doubtly
Sign up

1 answer

Log in to upvote 0 Log in to downvote

Best answer

Answer: Disagree

Under the fixed capital method, a partner's Current Account is credited with interest on capital, salary, commission and share of profit and debited with drawings, interest on drawings and share of loss. It may therefore show either a credit or a debit balance.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report
Was this answer helpful?
Sign in to comment

Your answer

Log in or create a free account to answer this question.