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If As opening capital is Rs 40000 and during the year additional capital is Rs 10000 and capital withdrawal is Rs 5000 what is closing capital under fixed method?

Answer and explanation

Correct answer: Rs 45000

Under fixed capital only capital addition and withdrawal of capital change capital. Rs 40000 plus Rs 10000 minus Rs 5000 equals Rs 45000.

Related tags

Fixed CapitalCapital AdjustmentNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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