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Objective type questions. Select appropriate alternatives from those given below and rewrite the sentences. Excess of proportionate capital over actual capital represents.......................

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Question

 Objective type questions.

 Select appropriate alternatives from those given below and rewrite the sentences.

 Excess of proportionate capital over actual capital represents.......................

Options

  •  Equal capital

  •  Surplus Capital

  • Deficit Capital

  • Gain

MCQ
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Solution

 Deficit capital

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Chapter 3: Reconstitution of Partnership (Admission of Partner) - Exercise 1 [Page 159]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise 1 | Q 2 | Page 159
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