Amarchand and Amarnath are partners. Their capital are * 1,40,000 and 1,30.000 respectively and they share profits & losses in the ratio of 2 : 1. On January, 1, 2018 they decided to admit Niranjan in the firm. Niranjan will pay to the firm * 20,000 as capital and * 7,500 for goodwill and his share will be 1/5. Prepare capital Alcs . of partners & Balance sheet of the firm after admission of the new partner if old partners
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Answer:
Amarchand and Amarnath are partners. Their capital are * 1,40,000 and 1,30.000 respectively and they share profits & losses in the ratio of 2 : 1. On January, 1, 2018 they decided to admit Niranjan in the firm. Niranjan will pay to the firm * 20,000 as capital and * 7,500 for goodwill and his share will be 1/5. Prepare capital Alcs . of partners & Balance sheet of the firm after admission of the new partner if old partners
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Explanation:
ASSERTION:Carbon can form both ionic as well as covalent compounds.
REASON: Carbon only shares electrons.
From the given set of information choose the most appropriate option.
a) Both assertion and reason are true and reason is the correct explanation of assertion.
b) Both assertion and reason are true but reason is not the correct explanation of assertion.
c) Assertion is true but reason is false.
d) Assertion is false but reason is true.