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A deceased partner’s capital is ₹30,000 and their share of the reserve fund is ₹4,000. What is the total of these two items?

Answer and explanation

Correct answer: ₹34,000

The deceased partner’s capital and share of the reserve fund are added: ₹30,000 + ₹4,000 = ₹34,000. Therefore, ₹34,000 is correct. Choosing ₹33,000 or ₹35,000 would result from an addition error. In an examination, remember to add only the deceased partner’s share of the reserve fund, not the entire reserve fund.

Related tags

Deceased Partner ShareReserve FundPartnership AccountsRetirement Or DeathAccountancy Class 12Deceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A Partner

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