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If As capital is Rs 50000 he withdrew capital of Rs 10000 and received profit of Rs 8000 what will be closing capital under fluctuating method?

Answer and explanation

Correct answer: Rs 48000

Profit is added and withdrawal of capital is deducted. Rs 50000 minus Rs 10000 plus Rs 8000 equals Rs 48000.

Related tags

Fluctuating CapitalCapital WithdrawalProfitCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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