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  • Partnership and Not-for-Profit Accounting
  • When capital is fixed, additional capital bought by a par...
Multiple choice

When capital is fixed, additional capital bought by a partner is credited in

  1. partner's current A/c

  2. partner's capital A/c

  3. revaluation A/c

  4. none of above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under this method, additional capital brought or withdrawn is adjusted in partner's capital A/c.

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