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A debit balance of Rs 10,000 in the Profit and Loss A/c is shared by old partners 4:1. What is B's share?
ARs 2,000
BRs 8,000
CRs 5,000
DRs 1,000
Answer & Solution
Correct answer: A. Rs 2,000
An accumulated loss is borne by old partners in the old ratio, so B bears 1/5 of 10,000, which is 2,000.
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