Capital is all assets less fictitious assets.
Options
A
B
C
D
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Theoretical FrameworkQ-1 | Meaning and Scope of AccountingQuestion 4606 of 110
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Capital is all assets less fictitious assets less external liabilities.
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Capital+ Long Term Liabilities = Fixed Assets+ Current Assets+ Cash - Current Liabilities.
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