Saved Bookmarks
| 1. |
Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1.Balance Sheet (Extract)Liabilities₹Assets₹Machinery40,000If the value of machinery reflected in the balance sheet is overvalued by 33\(\frac{1}{3}\) %, find out the value of Machinery to be shown in the new Balance Sheet:(A) ₹ 44,000 (B) ₹48,000 (C) ₹ 32,000 (D) ₹30,000 |
|
Answer» Correct answer is: (D) ₹30,000 |
|