Maharashtra State BoardHSC Arts 12th Board Exam
Advertisement Remove all ads

Select the Most Appropriate Answer from the Alternative Given Below and Rewrite the Sentence. - Book Keeping and Accountancy

MCQ

Select the most appropriate answer from the alternative given below and rewrite the sentence.

Excess of proportionate capital over actual capital represents _________________.

Options

  • surplus capital

  • deficit capital

  • sacrifice

  • equal capital

Advertisement Remove all ads

Solution

Excess of proportionate capital over actual capital represents deficit capital.

Explanation: Excess of proportionate capital over actual capital represents deficit capital. This deficit capital must be brought in by the old partners or it is to be transferred to their current accounts.

Concept: Capital Brought by New Partner
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise | Q 3 | Page 107
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×