Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

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

Options:

₹8910

₹9,200

₹9,000

₹8,000

Correct Answer:

₹9,000

Explanation:

The correct answer is option 3- ₹9,000.

Romesh took over stock at ₹8,100, which is 10% less than its book value. 

90% = 8,100
So, 100 % = 8,100 x 100/90
                = 9,000

So, book value of stock is 9,000