Subject:
AccountancyAuthor:
ladislaoCreated:
1 year agoAnswer: (A) Assertion is correct but Reason is false
Explanation:
The capital may or may not remain the same under the fixed system. A separate Capital and Current a/c are maintained. If capital is introduced or withdrawn, it is treated in the Capital A/c. So no, capital will not always remain the same, as it may or may not change.
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Author:
lamontl7g7
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