Practicing Success
A, B & C are partners sharing profits in the ratio of 2:2:1. At the end of the year, the balance sheet shows the following information- |
If C retires from the firm and profit on revaluation is ₹190000, then what is the share of C in revaluation? |
₹48500 ₹72000 ₹36000 ₹38000 |
₹38000 |
Profit on Revaluation= ₹190000 |