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If capital accounts must be maintained in a fixed ratio as per deed when is capital adjustment done after revaluation?

Answer and explanation

Correct answer: After revaluation and profit loss adjustments

First actual capital is found after revaluation and other adjustments. Then it is compared with target ratio.

Related tags

Capital AdjustmentRevaluationSequenceCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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