The firm has three partners Ramu, Lal u and Kalu. 'Workmen
Compensation Reserve' off 90,000 appears in the books at the time of
retirement of Lalu. There is a claim against it fort 30,000.
Ramu's share in it is:
(a) t 10,000
(c) t 20,000
Cb) f 30,000
(d) None of these
Answers
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Answer:
workmen compensation reserve balance
(90000-30000)=60000
Ramu share in workmen compensation reserve is 60000*1/3=20000
Explanation:
Profit sharing ratio assume equal
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