Question

A,B, and C are partners in a firm, sharing profits & losses in the ratio of 5:3:2 repectively. The balance of capital is Rs50,000 each for A & B and Rs40,000 for ‘C’ ‘B’decides to retire from the firm. The goodwill of the firm is valued at Rs30,000 and profit on revaluation of assets and liabilities was Rs 5,000. The firm also has a balance in the reserve A/c at Rs15,000 on that date. What amount will be payable to ‘B’? (a) Rs45,000 (b) Rs55,000 (c) Rs65,000 (d) Rs75,000

Answer 1

i think option C is right you tic option C

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