X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information is available at the time of admission of Z. | ||||||||||||
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Additional information: Machinery was overvalued by 10% and Furniture was undervalued by 15%. | ||||||||||||
Revaluation Gain/Loss will be: |
A) Gain 19,850
B) Loss 19,850
C) Gain 16,000
D) Loss 16,000
Correct Answer: D
Solution :
Loss 16,000You need to login to perform this action.
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