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Under fluctuating capital method B capital is forty thousand rupees share of loss is four thousand rupees and interest on capital is two thousand rupees. What will be closing capital?

Answer and explanation

Correct answer: Thirty eight thousand rupees

Interest increases capital and loss reduces capital. Forty thousand plus two thousand minus four thousand equals thirty eight thousand.

Related tags

Fluctuating CapitalLoss InterestNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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