Chapter: Reconstitution of Partnership (Admission of Partner)· Book-Keeping & Accountancy

Excess of proportionate capital over actual capital represents ____.

Q.1 (B) (3) Excess of proportionate capital over actual capital represents ____.

A. Equal capital

B. Surplus capital

C. Deficit capital

D. Gain

Doubtly Asked 29 Oct 2026 Board exam · July 2024 hsc 12th Save WhatsApp Report

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Answer: C. Deficit capital

Answer: (c) Deficit capital

If the capital a partner should have as per the new ratio (proportionate capital) is more than his actual adjusted capital, he is short of capital (deficit) and has to bring in the difference in cash.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Excess of proportionate capital over actual capital represents ____.

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