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प्रश्न
If an asset is taken over by the partner, ______ account is debited.
रिक्त स्थान भरें
उत्तर
If an asset is taken over by the partner, capital account is debited.
Explanation:
When an asset is taken over by a partner, the partner’s capital account is debited because the asset's value is deducted from the partner’s share in the firm.
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