Economics · Partnership Accounts
Match the columns regarding Partnership Accounts: List-I | List-II (A) Fixed Capital Account | (I) Balance remains unchanged unless additional capital is introduced (B) Fluctuating Capital Account | (II) Balance changes frequently with every transaction (C) Partner's Current Account | (III) Records drawings, interest on capital, salary, and profits (D) Profit & Loss Appropriation A/c | (IV) Handles distribution of net profit among partners Choose the correct combination:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1(A)-(I), (B)-(III), (C)-(II), (D)-(IV)
- 2(A)-(III), (B)-(II), (C)-(I), (D)-(IV)
- 3(A)-(II), (B)-(I), (C)-(III), (D)-(IV)
- 4(A)-(I), (B)-(II), (C)-(III), (D)-(IV)✓
Correct answer
(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Partnership Accounts MCQs →Want more practice questions on Partnership Accounts?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Partnership Accounts