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Under fixed capital method A capital is eighty thousand rupees and he withdrew five thousand rupees as capital. What will be the closing capital?

Answer and explanation

Correct answer: Seventy five thousand rupees

Withdrawal of capital reduces permanent capital. Eighty thousand minus five thousand leaves seventy five thousand.

Related tags

Fixed CapitalCapital WithdrawalNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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