Select the correct option to test your answer:
Commerce
Accounting
Difficulty: Medium
X and Y are partners in a firm who share profits and losses in 2 : 1. their capital balance are Rs. 50,000 and Rs. 30,000 respectively. If Z with consent of Y takes half of the share of X for Rs. 30,000 then Z's capital account will be credited by what amount.
More Commerce Questions
X Ltd has a liquid ratio of 2 : 1. If its stock is Rs. 40,000, and its current liabilities are of Rs. 1,00,000, its current ratio will be
Which among the following is not a category of non-performing assets?
Which of the following is a key role of the HR manager as defined by Ulrich et al. (2009)?
Which is incorrect of the following?
Debit means: