Q1788
Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order. 1. Ascertain the present capital of the old partners. 2. Calculation of total capital of firm on the basis of new partner's capital. 3. Finding the surplus/deficit capital. 4. Determining the new capital of each partner. Select the correct answer:
A.
2, 4, 1, 3
AnswerB.
3, 2, 1, 4
C.
4, 3, 2, 1
D.
1, 4, 2, 3
Answer: Option A
Solution
Answer: Option A
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