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P1 C1 INTRODUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C1 INTRODUCTION OF PARTNERSHIP1 Mark
Question
Additional capital introduced by partner on permanent basis is credited to which account in the fixed capital account method?
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Answer

Additional capital introduced by partner on permanent basis is credited to fixed capital account itself.

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