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Class 12 Accountancy Reconstitution - Admission of a Partner Asset RevaluationExpert

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A and B share 3:2. Computer changes from ₹50000 to ₹42000 and patent changes from ₹20000 to ₹31000. What is B net share?

Answer and explanation

Correct answer: ₹1200 profit

Computer decrease is ₹8000 loss and patent increase is ₹11000 gain. B share in net profit ₹3000 is 2/5 which is ₹1200.

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Intangible Asset Computer Net Share Asset Revaluation Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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