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If a partner brought Rs 20000 as capital and it was deposited in bank what is the effect on partners capital account?

Answer and explanation

Correct answer: Capital account will be credited

Even if capital is brought through bank the partners capital increases. So his capital account is credited.

Related tags

Capital IntroducedBank DepositCreditCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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