alleryStart learning →Assets sell for 1,00,000. Creditors are 40,000 and a partner's loan is 20,000. How much is left for capital?
A20,000
B40,000
C60,000
D80,000
Answer & Solution
Correct answer: B. 40,000
1,00,000 less 40,000 to creditors and 20,000 to the loan leaves 40,000 for capital.
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