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Three partners capitals should be in ratio one to two to three. Total capital is Rs 480000 and first partners actual capital is Rs 90000. What should the first partner do?

Answer and explanation

Correct answer: Should withdraw Rs 10000

Total ratio is six and first partners required capital is Rs 80000. Actual capital is Rs 90000 so Rs 10000 is excess.

Related tags

Capital AdjustmentExcess CapitalThree PartnersCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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