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RP
Question Practice

If the total capital of a new partnership is specified, what happens to the excess or deficiency in partners' capitals?

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
Reconstitution of a Partnershi...
Question Bank

If the total capital of a new ...

Single Answer MCQ
Q-00082306

If the total capital of a new partnership is specified, what happens to the excess or deficiency in partners' capitals?

1

Partners have to withdraw excess capital only

2

Deficiency must be funded from personal savings

3

Excess should be adjusted against cash or bank

4

No adjustment is necessary

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