Q1904
X and Y are partners sharing profits in the ratio 2 : 1. Z is admitted for 1/4^ th share in profits and he brings his share of capital Rs. 12,000 in firm. The adjusted capital of Y is
X and Y are partners sharing profits in the ratio 2 : 1. Z is admitted for share in profits and he brings his share of capital Rs. 12,000 in firm. The adjusted capital of Y is
A.
Rs. 18,000
B.
Rs. 16,000
C.
Rs. 20,000
D.
Rs. 12,000
AnswerAnswer: Option D
Solution
Answer: Option D
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