Two merchants A and B enter into partnership. A puts in Rs. 23,750 and at the...
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Two merchants A and B enter into partnership. A puts in Rs. 23,750 and at the end of four months adds Rs. 3,750 to his capital, while B withdraws Rs. 3,000 at the end of seven months. At the end of the year, A and B received equal profit, How much B puts in the beginning? 1. Rs. 26,000 Rs. 27,500 3. Rs. 38,000 4. Rs. 26,500 5. Rs. 30,000 2. Two merchants A and B enter into partnership. A puts in Rs. 23,750 and at the end of four months adds Rs. 3,750 to his capital, while B withdraws Rs. 3,000 at the end of seven months. At the end of the year, A and B received equal profit, How much B puts in the beginning? 1. Rs. 26,000 Rs. 27,500 3. Rs. 38,000 4. Rs. 26,500 5. Rs. 30,000 2.
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Solution 2 As investment in the partnership is 23750 f... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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