Partners capital a/c vs partners current capital a/c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2016 Dear sir,
Plz let me know the difference
Between partners capital a/c and
Partners current capital a/c... in which
Case partners current capital a/c will be
Open & what its purpose,

Regard
Subham singh

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 April 2016 Partners current capital account is the temporary capital nature, it will be running involving transactions which putting short term capital for the business and drawings

Rupesh Jain

Rupesh Jain (Expert)
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25 April 2016 in partner ship deep its written as Rs............. will be kept by each partner and after that amount will be kept in current a/c and intt will be taken or given as per partner ship deed

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