Maharashtra State BoardHSC Commerce 12th Board Exam
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Excess of proportionate capital over actual capital represents _________. - Book Keeping and Accountancy

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MCQ

Excess of proportionate capital over actual capital represents _________.

Options

  • Equal capital

  • Surplus Capital

  • Deficit Capital

  • Gain

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Solution

Excess of proportionate capital over actual capital represents Surplus Capital.

Concept: Admission of a Partner
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APPEARS IN

Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise 3 (Objective Type Questions) | Q 1. (A) 2. | Page 159

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