What does a debit balance of R10000 in the current account of a partner in...
50.1K
Verified Solution
Link Copied!
Question
Accounting
What does a debit balance of R in the current account of a partner in a business mean? A The partner owes the business R B The balance is regarded as an expense of the business. C The business owes the partner R D The partner's earnings from the partnership exceeded the partner's drawings. The deferred income account is classified as an income. True False 
What does a debit balance of R in the current account of a partner in a business mean?
A The partner owes the business R
B The balance is regarded as an expense of the business.
C The business owes the partner R
D The partner's earnings from the partnership exceeded the partner's drawings.
The deferred income account is classified as an income.
True
False
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.