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A and B fixed capitals are Rs 100000 and Rs 50000. Current accounts show A Rs 3000 debit and B Rs 4000 credit. What is total partners claim?

Answer and explanation

Correct answer: Rs 151000

Total fixed capital is Rs 150000. Add Bs credit Rs 4000 and deduct As debit Rs 3000 to get claim of Rs 151000.

Related tags

Partners ClaimFixed CapitalCurrent AccountsCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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