Question

25
In case of Amalgamation of partnership firms, if the value of a Bank loan is Rs. 96,000
and it is taken over by the partners of the old firm, what is the revised value of the Bank
Loan taken over in the statement of Purchase Consideration?
a) Rs. 40,000
b) Rs. 56,000
c) Rs. NIL
d) Rs. 96.000​

Answer 1

Answer:

here is your answer option b) Rs. 56,000