Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1.
Balance Sheet (Extract)
If the value of machinery reflected in the balance sheet is overvalued by 33 1313%, find out the value of Machinery to be shown in the new Balance Sheet:
(A) ₹ 44,000
(B) ₹48,000
(C) ₹ 32,000
(D) ₹30,000
Please read the guide .
Please answer the question in detail
Doubtly is an online community for engineering students, offering:
Get the pro version for free by logging in!
5.7k questions
5.1k answers
108 comments
535 users