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As capital account is Rs 30000 credit and current account is Rs 42000 debit. What is As net position?

Answer and explanation

Correct answer: Rs 12000 debit

Debit current account exceeds capital credit by Rs 12000. Therefore As net position is Rs 12000 debit.

Related tags

Net PositionDebit CurrentCapital BalanceCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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