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Question
A, B and C are partners sharing profits in 3 : 2 : 1 B retires, and the balance of his Capital A/c after adjusting reserves and his share of goodwill was ₹ 2,40 000. The remaining partners gave B an unrecorded vehicle valued at ₹ 60,000 and the balance payable to B was discharged by giving a Bank draft. What will be the amount of the Bank Draft?
Options
₹ 1,80,000
₹ 2,40,000
₹ 2,60,000
₹ 2,00,000
MCQ
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Solution
₹ 2,00,000
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