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Give the Word / Term Or Phrase Which Can Substitute the Following Statement. an Amount Contributed by the Partners into the Business. - Book Keeping and Accountancy

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Question

Give the word / term or phrase which can substitute the following statement.
An amount contributed by the partners into the business.

One Word/Term Answer
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Solution

Partner's Capital

Explanation: Partner’s Capital is the amount which is brought in by the partners into the business for smooth functioning of their firm.

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Chapter 1: Introduction to Partnership - Exercise 2 [Page 13]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Introduction to Partnership
Exercise 2 | Q 5 | Page 13
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