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If a partner has capital deficiency in required ratio and cannot bring cash how may the deficiency be shown?

Answer and explanation

Correct answer: As debit balance of his current account

If cash is not brought the deficiency remains recoverable from partner. It may be shown as debit in his current account.

Related tags

Capital DeficiencyCurrent AccountNo CashCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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