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Give Two Circumstances Under Which the Fixed Capitals of Partners May Change. - Accountancy

Short Note

Give two circumstances under which the fixed capitals of partners may change.

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Solution

The following are the two circumstances under which the fixed capitals of partner may change.

(i) If any additional capital is introduced by the partner during the year.

(ii) If any part of capital is permanently withdrawn by the partner from the firm.

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APPEARS IN

NCERT Class 12 Accountancy - Not-for-profit Organisation and Partnership Accounts
Chapter 2 Accounting for Partnership : Basic Concepts
Short Answers | Q 5 | Page 97
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