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Question
A, B, C are partners. B retired and on the date of retirement Workmen’s compensation fund was appearing in the books at ₹ 50,000. The claim on account of workmen’s compensation was ₹ 65,000. The excess claim will be:
Options
Debited to Revaluation A/c
Credited to Revaluation A/c
Debited to Remaining partner’s Capital/Current A/cs in new ratio
Credited to Remaining partner’s Capital/Current A/cs in new ratio
MCQ
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Solution
Debited to Revaluation A/c
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