alleryStart learning →A new partner brings his sole business with assets Rs 9 lakh and liabilities Rs 3 lakh. His capital credit is?
ARs 12 lakh
BRs 3 lakh
CRs 9 lakh
DRs 6 lakh
Answer & Solution
Correct answer: D. Rs 6 lakh
Assets are taken over, liabilities assumed, and capital is credited with the difference of Rs 6 lakh.
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