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6. Arun and Vijay are partners …

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6. Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1. Balance Sheet (Extract) Liabilities ₹ Assets ₹ Machinery 40,000 If the value of machinery reflected in the balance sheet is overvalued by 33 %, find out the value of Machinery to be shown in the new Balance Sheet: (A) ₹ 44,000 (B) ₹48,000 (C) ₹ 32,000 (D) ₹30,000

Posted by Akarsh Singh 3 years ago

CBSE > Class 12 > Accountancy

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