If opening capitals of partners are A Rs. 3,00,000, B Rs.2,00,000 and C Rs. 1,00,000 and their drawings during the year are A Rs. 50,000, B Rs. 40,000 and C Rs. 30,000 and creditors are Rs. 60,000, what will be the amount of assets of the firm?
A. Rs 5,40,000
B. Rs 4,20,000
C. Rs 4,80,000
D. Rs 6,60,000
Answer:A
If opening capitals of partners are A Rs. 3,00,000, B Rs.2,00,000 and C Rs. 1,00,000 and their drawings during the year are A Rs. 50,000, B Rs. 40,000 and C Rs. 30,000 and creditors are Rs. 60,000, what will be the amount of assets of the firm?
A. Rs 5,40,000 B. Rs 4,20,000 C. Rs 4,80,000 D. Rs 6,60,000