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Reconstitution of Partnership (Admission of Partner) — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyReconstitution of Partnership (Admission of Partner)1 Mark
MCQ
Excess of proportionate capital over actual capital represents __________
  • A
    equal capital
  • B
    surplus capital
  • ✓
    deficit capital
  • D
    gain
✓

Answer

Correct option: C.
deficit capital
deficit capital

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