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In a hard capital account question if additional capital is given with date but interest calculation is not asked how is the amount recorded in capital account?

Answer and explanation

Correct answer: Full additional capital amount is credited

In capital account actual additional capital is credited in full. Date may be important only for interest calculation.

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Additional CapitalDateCapital AccountCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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