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C is admitted for 1/4 share and brings Rs 50,000. Firm's total capital implied?
ARs 50,000
BRs 1,00,000
CRs 2,00,000
DRs 1,50,000
Answer & Solution
Correct answer: C. Rs 2,00,000
If Rs 50,000 is a 1/4 share then the whole firm's capital is 50,000 times 4, which is 2,00,000.
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