A,B and C were partners in a firm sharing profits and losses in the ratio of 2:2:1 respectively with the capital balance of Rs.50,000 for A, Rs.70,000 for B and Rs.35,000 for C. B declared to retire from the firm and balance in reserve on the date of retirement was Rs.25,000. If good will of the firm was valued as Rs.30,000 and the profit on revaluation was Rs.7,500. what amount will be payable to B?
A. Rs.70,820
B. Rs.76,000
C. Rs.75,000
D. Rs.95,000
This Question Belongs to User Ask Question >> Miscellaneous
Related User Ask Questions
Which of the following is not a primary function of a Bank?
A. Granting Loans
B. Collecting Cheques/Drafts customers
C. Facilitating import of goods
D. Issuing Bank Drafts
A. Regulatory jurisdictional fight between SEBI and IRDA
B. They don’t offer better tax benefits
C. They offer lesser returns compared to traditional insurance policies
D. All of the above
The Chameli Devi Jain Award is given for an outstanding woman ____?
A. Scientist
B. Reporter
C. Player
D. Teacher
Join The Discussion