CUET Accountancy - Identify the true statement in respect of the Fixed Capital Method for a Partnership Firm :- | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Partnership

Easy

common

The Balance of Partners' Capital Account will be positive/credit.

The Balance of Partners' Capital Account may be negative / Debit or may be nil/zero.

The Balance of Partners' Capital Account may be negative / Debit or may be positive/Credit.

The Balance of Partners' Capital Account will never be positive/Credit.

✅ Correct Option: 1

CUET Accountancy 2025 27 May Shift 2 PYQs