A and B are partners sharing profits in the ratio of 2 : 3. Their Balance Sheet shows Machinery at Rs.2,00,000, Stock at Rs.80,000 and Debtors at Rs.1,60,000. C is admitted and new profit sharing ratio is agreed at 6 : 9 : 5. Machinery is revalued at Rs.1,40,000 and a provision is made for doubtful debts @5%. A's share in loss on revaluation amount to Rs.20,000. Revalued value of Stock will be :

Options

A. Rs.62,000
B. Rs.1,00,000
C. Rs.60,000
D. Rs.98,000

Answer

D