Multiple choice

Land and building are valued at Rs. 1,00,000. On admission of a partner, it is appreciated by 12.5%. By how much the revaluation A/c would be credited?

  1. Rs. 25000

  2. Rs. 50,000

  3. Rs. 1,12,500

  4. Rs. 12,500
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

1,00,000 X 12.5  /100 = 1,12,500

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