Amar, Akash and Arvind are partners. on the retirement of Akash, Workmen Compensation Reserve has a balance of ₹ 1,50,000. There is a claim of ₹ 37,500 against it. How much amount will be transferred to Akash’s Capital in respect of Workmen Compensation Reserve? a) Nil
Amar, Akash and Arvind are partners. on the retirement of Akash, Workmen Compensation Reserve has a balance of ₹ 1,50,000. There is a claim of ₹ 37,500 against it. How much amount will be transferred to Akash’s Capital in respect of Workmen Compensation Reserve?
a) Nil
b) ₹ 37,500
c) ₹ 12,500
d) ₹ 50,000
Anurag Pathak Changed status to publish July 3, 2023
Ans – b)
Solution:-
Workmen Compensation Reserve after claim = 1,50,000 – 37,500 = ₹ 1,12,500
Akash’share in WCR = 1,12,500 × 1/3 = ₹ 37,500
Anurag Pathak Changed status to publish July 3, 2023
