Practicing Success
A and B are partners. C is admitted with 1/5 share. C brings Rs 1,20,000 as his share towards capital. What is the total net worth of the firm? |
3,60,000 1,20,000 6,00,000 1,50,000 |
6,00,000 |
Net worth of the firm=1,20,000*5/1=6,00,000 |