Multiple choice

Which of the following options can change the fixed capital of partners?

  1. Cash withdrawn for personal use

  2. Goods taken for personal use

  3. Asset taken for personal use

  4. Additional capital introduced

  5. Interest on capital provided to the partners
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

There are only two options that can change the fixed capital of the partners, i.e., additional capital introduced or capital withdrawn permanently.

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