If a firm is maintaining both ‘Capital Accounts’ and ‘Current Accounts’ of the partners A and B Options: A . &nbspB’s Current Account B . &nbspB’s Capital Account C . &nbspeither B’s Capital Account or Current Account D . &nbspBoth A & B

If a firm is maintaining both ‘Capital Accounts’ and ‘Current Accounts’

Question

If a firm is maintaining both ‘Capital Accounts’ and ‘Current Accounts’ of the partners A and B

Options:

A . B’s Current Account

B . B’s Capital Account

C . either B’s Capital Account or Current Account

D . Both A & B

Answer: Option B

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