Romesh took over Investments at Rs.8,100

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

Romesh took over Investments at Rs.8,100 which is 10% less then its book value. The book value of the investment was ......

Options:

Rs.8,910

Rs.9,200

Rs.9,000

Rs.8,940

Correct Answer:

Rs.9,000

Explanation:

The correct answer is Option (3) → Rs.9,000

Let the book value be ₹x.
Romesh took over investments at 10% less than book value, i.e. at 90% of x.