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

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Question

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

Short Answer
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Solution

  1. If any additional capital is introduced by the partner during the year.
  2. If any part of capital is permanently withdrawn by the partner from the firm.
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Chapter 2: Accounting for Partnership : Basic Concepts - Questions for Practice [Page 96]

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NCERT Accountancy - Not-for-profit Organisation and Partnership Accounts [English] Class 12
Chapter 2 Accounting for Partnership : Basic Concepts
Questions for Practice | Q 5 | Page 96
D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 1 Accounting for Partnership Firms - Fundamentals
SHORT ANSWER QUESTIONS | Q 32. | Page 1.129
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