On the date of admission of a partner there was a balance of... — Accountancy 2024

Question 8 Accountancy 2024 Medium MCQ +5.00 marks · -1.00 negative

On the date of admission of a partner there was a balance of ₹45,000 in the account of machinery. It was found undervalued by 10%. The value of machinery will appear in the new Balance Sheet at:

A. ₹49,500 B. ₹50,000 C. ₹40,500 D. ₹40,000

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