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. | |||||||||||||||
|
|||||||||||||||
Additional information : Bad debts amounting to Rs. 7,000 are to be written off. Yash, an old customer who was declared insolvent by the court and whose account was written off as bad debts before 2 years for Rs. 10,000, has promised to pay 40% of the amount. | |||||||||||||||
Final value of Debtors will be shown in new Balance Sheet: |
A) 53,000
B) 57,000
C) 60,000
D) 55,000
Correct Answer: A
Solution :
53,000You need to login to perform this action.
You will be redirected in
3 sec