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Under fixed capital method A opening capital is sixty thousand rupees and he introduced additional capital of ten thousand rupees during the year. What will be closing capital?

Answer and explanation

Correct answer: Seventy thousand rupees

In fixed capital additional capital is a permanent change so it is added to capital. Sixty thousand plus ten thousand is seventy thousand.

Related tags

Fixed CapitalAdditional CapitalNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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