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What is meant by ‘Fixed Capital’ of a partner? (Delhi 2016 C)

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

‘Fixed Capital’ of a partner means that the capital remains unchanged unless additional capital is introduced or withdrawal is made from the existing capital.


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Previous PostName the accounts which are maintained for the partners when capitals of the partners are fixed. (AI 2014 C)
Next PostWhat is meant by ‘Fluctuating Capital’ of a partner? (AI 2016 C)

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