Question

On Arti’s retirement, stock appeared in the books of the firm at Rs.160000 and Machinery

at Rs.500000. On revaluation, it was found that stock is undervalued by 20% and

machinery is overvalued by 25%. There were bad debt amounting to Rs.10000. Loss on

revaluation will be

(a) Rs.78000 (b) Rs.103000 (c) Rs.95000 (d) Rs.70000

1

12 A, B,C and D are partners. A and B share 3/4th of the profit​

Answer 1

Explanation:

On Arti’s retirement, stock appeared in the books of the firm at Rs.160000 and Machinery

at Rs.500000. On revaluation, it was found that stock is undervalued by 20% and

machinery is overvalued by 25%. There were bad debt amounting to Rs.10000. Loss on

revaluation will be

(a) Rs.78000 (b) Rs.103000 (c) Rs.95000 (d) Rs.70000

1

12 A, B,C and D are partners. A and B share 3/4th of the profit

Mark me brainst