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The balance of the capital account of retired partner is transferred to his _________ account if it is not paid. - Book Keeping and Accountancy

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Question

The balance of the capital account of retired partner is transferred to his _________ account if it is not paid.

Options

  • Loan

  • Personal

  • Current

  • Son's

MCQ
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Solution

The balance of the capital account of retired partner is transferred to his loan account if it is not paid.

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Chapter 4: Reconstitution of Partnership (Retirement of Partner) - Exercise 4.1 (Objective Questions) [Page 182]

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Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 4 Reconstitution of Partnership (Retirement of Partner)
Exercise 4.1 (Objective Questions) | Q (A) 3. | Page 182
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