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A, B and C are partners in the firm , sh...

A, B and C are partners in the firm , sharing profits in the ratio of `2 : 2 : 1 `. Their Capital Accounts atand as Rs. 50,000 , Rs. 50,000 and Rs. 25,000 , respectively . B retired from the from the firm and balance in the reserve on that date was Rs. 15,000 . if goodwill of the firm is Rs. 30,000 and profit on revaluation is Rs. 7,050 , What amount will be transferred to B's Loan Account?

A

Rs. 50,820

B

Rs. 70, 820

C

Rs. 8,820

D

None of these.

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The correct Answer is:
b
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TS GREWAL-MCQ-Multiple Choice Questions (MCQs)
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  2. A, B and C are partners sharing profit and losses in the ratio of 2 ...

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  3. A, B and C are partners in the firm , sharing profits in the ratio of ...

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  4. X,Y and Z are partners , Sharing profits in the ratio of 2 : 2 : 1 , Y...

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  5. Retiring partner is compensated by the continuing partners in their

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  6. Accumulated profits on the retirement of a partner are

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  7. Partner 's Capital Account is debited

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  8. At the time of retirement of a partner , gain (profit) on revaluation ...

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  9. As per Section 37 of the Indian Partnership Act , 1932 , the executors...

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  10. Which of the following is not the mode of dissolution of the firm?

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  11. Premium on issued of shares can be used for

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  12. When shares are forfeited , share Capital Account is debited with

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  13. If a share Rs.10 issued at a premium of Rs.2 on which the full amount ...

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  14. If the loss on reissue of shares is less than the amount forfeited, th...

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  15. A company has issued 10,000 Equity shares of Rs.10 each and it has cal...

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  16. X Ltd . Forfeited 2,000 shares of Rs.10 each (which were issued at par...

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  17. Green Ltd . Had allotted 10,000 shares to the applicants of 14,000 sha...

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  18. Star Ltd . Issued 10, 000 equity shares of Rs. 100 each at a premium o...

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  19. Anthony Ltd , issued 40,000 equity of Rs.20 each payable as Rs. 5 on a...

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  20. Gopal Ltd. Purchased machine of Rs.1,15000 from India Traders , paymen...

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