Comprehension Passage

Based on following, answer the question.

Amrita and Kalyani are partners sharing profits in the ratio of 3 : 2. They decided to expand the business by admitting Suraj as new partner for 1/4th share. Suraj's share of goodwill is valued at ₹90,000 for which he compensated Amrita and Kalyani in the ratio 1 : 4. Following information is also provided:

  Book Value (₹) Revalued figure (₹)
Machinery  25,00,000 27,00,000
Land 10,00,000 50,00,000
Computers 2,50,000 50,000
Workmen Compensation Fund 5,00,000  

Claim against workmen compensation is ₹2,00,000 and goodwill appeared in the books at ₹60,000

What is Amrita's share in workmen compensation fund?

1
3,00,000
2
1,80,000
3
1,20,000
4
1,00,000

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation