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🏫 Board📒 Accountancy

Identify the correct statement from the given below:

Q1

Identify the correct statement from the given below:

a

Partners' Current Account will never be shown in Assets side of the Balance Sheet.

b

Partners' Current Account will either be shown in the Assets side of the Balance Sheet or be shown in the Liabilities side of the Balance Sheet.

c

Partners' Current Account will always be shown in the Liabilities side of the Balance Sheet.

d

Partners' Current Account will always be shown in Assets side of the Balance Sheet.

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