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Capital Accounts of Partners Naresh and Vikesh – ₹ 5,00,000 each; Balances in Current Accounts of Naresh and Vikesh – ₹ 50,000 and ₹ 40,000 respectively; Bank Loan – ₹ 10,00,000; Goodwill ₹ 50,000; Investments – ₹ 25,000; Advertisement Suspense – ₹ 15,000.

Based on the above information, Capital Employed for the purposes of the valuation of Goodwill will be

a) ₹ 10,90,000

b) ₹ 10,75,000

c) ₹ 10,00,000

d) ₹ 10,40,000

Anurag Pathak Changed status to publish April 17, 2023
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