Test Index

CUET UG Accountancy 28 May 2023 Shift 3

© examsnet.com

Question : 8

Total: 50

Lisa, Monika and Nisha are partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their capital A/c stood as ₹50,000, ₹50,000 and ₹25,000 respectively. Monika died and balance in the reserve on that date was ₹15,000. If goodwill of the firm is ₹30,000 and profit on revaluation is ₹7,050. What amount will be transferred to Monika's Executors Account?

₹50,820
₹70,820
₹8,820
₹60,820

Go to Question:

Prev Question

Next Question