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If partners capital accounts are to be made equal and As capital is Rs 20000 more than Bs what can be a common solution?

Answer and explanation

Correct answer: A withdraws capital or B brings additional capital

To equalize capitals excess capital is reduced or lower capital is increased. Choose the method according to question condition.

Related tags

Capital AdjustmentEqual CapitalsPartnershipCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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