Frankie is one of the partners. He maintains both a capital account and a current account. Which of the statements below is correct?
- AAny loans he makes to the partnership are added to his capital account balance.
- BHe can have a debit balance on his current account but not on his capital account.
- CInterest on drawings would increase a credit balance on his current account.
- DThe balance on his capital account falls when his drawings exceed his share of profit.