X and Y are partners. They have provided following information on the admission of a new partner Z. |
Balance of capital account : Partner A = 50,000 and Partner B = 30,000 |
Current account balance of partners : Partner A = 20,000 and Partner B = 10,000 |
Reserves & Surplus = 40,000 |
Goodwill (Given in Balance sheet) = 10,000 and Advertisement expense = 20,000 |
Capital employed of the firm: |
A) 1, 50,000
B) 1,20,000
C) 1,40,000
D) 1,30,000
Correct Answer: B
Solution :
1,20,000You need to login to perform this action.
You will be redirected in
3 sec