Question

5. A & B share P & L equally. They have RS. 20,000 each as capital. They admit C as equal partner and goodwill was valued at RS. 30,000. C is to bring in RS.30,000 as his capital and necessary cash towards his share of goodwill. Goodwill A/c will not remain open in books. If profit on revaluation is RS. 13,000, the closing balance of the capital A/c are options are ( a) RS. 31,500 ; RS. 31,500 ; RS. 30,000 ( b ) RS. 31,500 ; RS. 31,500 ; RS. 20,000 ( c ) RS. 30,500 ; RS. 30,500 ; RS. 30,000 ( d ) RS. 26,500 ; RS. 26,500 ; RS. 20,000​

Answer 1

Answer:

(c) Rs. 30,500 ; Rs. 30,500 ; Rs. 30,000...