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AP
Question Practice

What happens to the capital account if a partner withdraws capital under the fixed capital method?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

What happens to the capital ac...

Single Answer MCQ
Q-00082024

What happens to the capital account if a partner withdraws capital under the fixed capital method?

1

Capital account gets debited

2

Capital account remains the same

3

Drawings account is impacted

4

Profits remain unchanged

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