Multiple choice

B,C & D are three partners in a firm. On 30th June C met an accident and died on the spot. on the date of C death the firm have following balance in its balance sheets. Workmen's compensation account Rs.30000,General Reserve a/c Rs. 30,000,Profit and loss a/c Rs 21,000 (Debit balance ), ESI a/c Rs.11,000. Find the amount to be credited to each partner capital account on death of C.

  1. Rs.11,000 each partner

  2. Rs.4,000 each partner

  3. Rs.13,000 each partner

  4. Rs.17,000 each partner

Reveal answer Fill a bubble to check yourself
C Correct answer