1.

On the basis of the following data, how much final payment will be made to a partner on firm’s dissolution? Credit balance of capital account of the partner was Rs. 50,000. Share of loss on realization amounted to Rs. 10,000. Firm’s liability taken over by him was for Rs. 8,000. (a) Rs. 32,000 (b) Rs. 48,000 (c) Rs. 40,000 (d) Rs. 52,000

Answer»

Answer: (b) Rs. 48,000 



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