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Commerce · Q1641

Accounting

Graduate and Post Graduate · Commerce · question 1641

Q1641

X and Y are partners in a firm who share profits and losses in 2 : 1. their capital balance are Rs. 50,000 and Rs. 30,000 respectively. If Z with consent of Y takes half of the share of X for Rs. 30,000 then Z's capital account will be credited by what amount.

A.
Rs. 25,000
Answer
B.
Rs. 5,000
C.
Rs. 15,000
D.
Rs. 20,000

Answer: Option A

Solution

Answer: Option A
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