Q1249
X and Y are partners who share profit and loss in the ratio of 2 : 1, and who have capital balances (credit) of Rs. 40,000 and Rs. 30,000 respectively. If Z, with the consent of Y, acquired one-half of X's interest for Rs. 25,000, for what amount would Z's Capital Account be credited:
A.
Rs. 25,000
B.
Rs. 5,000
C.
Rs. 15,000
D.
Rs. 20,000
AnswerAnswer: Option D
Solution
Answer: Option D
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