Question

Excess of proportionate capital over actual capital represents ________. (Fill in the blank by choosing correct option)
a) surplus capital
b) deficit capital
c) sacrifice
d) equalcapital

Answer 1

YESS...

C IS THE WRITE ANSWER......

Answer 2

Answer:

The correct answer to the given question is option (a) Surplus Capital

Explanation:

Surplus capital is that amount of capital, which is present in abundance. It is the amount of capital present over the required amount of capital.

Such surplus capital is transferred to the account of the partner or the partner can also withdraw the amount as per the partnership agreements.