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P2 C9 Accounts ol‘Non—trading Concerns — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C9 Accounts ol‘Non—trading Concerns1 Mark
Question
What is legacy? Where is it recorded?
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Answer

It is a amount given to a non-trading concern as per the will of deceased person. Thisamount is calculate as capital income and added to capital fund.

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