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partnership - highest relative capital method

Accountancy

if we have the partner's capital and the current account how do we proceed with the sum? do we take the capital to start the working or do we use the current account for the method


Isabel Kingston

Isabel Kingston

CA Inter

5K+

16-Feb-22 19:12

250

Answers (1)

You would arrive at closing balance after transferring the current account balance to the capital account.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

18-Feb-22 16:43

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