Advertisement Remove all ads

Give a Word / Term / Phrase Which Can Substitute the Following Statements - Book Keeping and Accountancy

One Word Answer

Give a word / term / phrase which can substitute the following statements :
Excess of proportionate at capital over actual capital.

Advertisement Remove all ads


Deficit capital

Explanation: Excess of proportionate capital over actual capital represents deficit capital. This implies that the existing capital of the partners is less than what the capital should be on proportionate basis. The amount of deficit capital must be brought in by the old partners or it is to be transferred to their current accounts.

Concept: Retirement Or Death of a Partner - Adjustment of Capitals
  Is there an error in this question or solution?
Advertisement Remove all ads


Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 5 Reconstitution of Partnership (Death of Partner)
Exercise | Q 4 | Page 140
Advertisement Remove all ads
Advertisement Remove all ads

View all notifications

      Forgot password?
View in app×