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Question
Matching Question:
On dissolution of a partnership firm:
| (i) | One of the partners takes Sundry Assets for ₹ 3,96,000 which is 10% less than book value. Find Book value of Sundry Assets. | (a) | ₹ 4,00,000 |
| (ii) | One of the partners takes Sundry Assets for ₹ 3,96,000 which is 10% more than book value. Find Book value of Sundry Assets. | (b) | ₹ 4,40,000 |
| (c) | ₹ 4,44,000 | ||
| (d) | ₹ 3,60,000 |
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Solution
| (i) | One of the partners takes Sundry Assets for ₹ 3,96,000 which is 10% less than book value. Find Book value of Sundry Assets. | (b) | ₹ 4,40,000 |
| (ii) | One of the partners takes Sundry Assets for ₹ 3,96,000 which is 10% more than book value. Find Book value of Sundry Assets. | (d) | ₹ 3,60,000 |
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