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  • 15-05-2022
  • English
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Briefly describe the term Capital Transfer Account​

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llxxMrKingxxll
llxxMrKingxxll llxxMrKingxxll
  • 15-05-2022

Answer:

Capital transfers consist of those involving transfers of ownership of fixed assets; transfers of funds linked to, or conditional upon, acquisition or disposal of fixed assets; or cancellation, without any counterparts being received in return, of liabilities by creditors.

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