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Excess of proportionate capital over actual capital represents _________. - Book Keeping and Accountancy

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Question

Excess of proportionate capital over actual capital represents _________.

Options

  • Equal capital

  • Surplus Capital

  • Deficit Capital

  • Gain

MCQ
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Solution

Excess of proportionate capital over actual capital represents Deficit Capital.

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Chapter 3: Reconstitution of Partnership (Admission of Partner) - Exercise 3.1 (Objective Type Questions) [Page 159]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise 3.1 (Objective Type Questions) | Q 1. (A) 2. | Page 159
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