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B capital account has opening credit balance of ninety thousand rupees. During the year share of loss is sixteen thousand rupees drawings are fourteen thousand rupees and additional capital is twenty thousand rupees. Under fluctuating method what is closing capital?

Answer and explanation

Correct answer: Eighty thousand rupees

Add additional capital and deduct loss and drawings. Ninety thousand plus twenty thousand minus sixteen thousand minus fourteen thousand equals eighty thousand.

Related tags

Fluctuating CapitalLoss DrawingsNumericalCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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