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Commerce · Q1386

Accounting

Graduate and Post Graduate · Commerce · question 1386

Q1386

Which of the following items will be written in a partner's capital account when the capital accounts are fixed?

A.
Partner's drawings
B.
Additional capital introduced by the partner in the firm
Answer
C.
Loan taken by a partner from the firm
D.
Loan advancedby a partner to the firm

Answer: Option B

Solution

Answer: Option B
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