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If two partners share in the ratio one is to three and realisation loss is sixteen thousand rupees, how much loss will the first partner bear?

Answer and explanation

Correct answer: ₹4,000

First partner's share is one-fourth, so loss is four thousand rupees. Debit loss to capital account.

Related tags

Realisation LossNumericalPartner CapitalPartner AccountsDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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