Chapter: Introduction to Partnership and Partnership Final Accounts· Book-Keeping & Accountancy

Do you agree or disagree with the statement: Current Account always shows debit balance.

Q.1 (D) (v) Do you agree or disagree with the statement: Current Account always shows debit balance.

Doubtly Asked 29 Oct 2026 Board exam · July 2025 hsc 12th Save WhatsApp Report

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Answer: Disagree

A partner's Current Account may show a credit balance (when interest on capital, salary and share of profit exceed drawings) or a debit balance (when drawings and share of loss exceed the credits). So it does not always show a debit balance.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Do you agree or disagree with the statement: Current Account always shows debit balance.

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