✔ Correct Answer: A. rs. 2000 profit
The correct answer to the question “At the time of the retirement of a partner, the existing partner decided to value of Stock from Rs. 10, 000 to Rs.12,500, Building from Rs.50,000 to Rs.52,500, Sundry creditors from Rs.12,000 to Rs.13,000 and also agreed to take on record unrecorded liability of Rs.2000. What is the profit or loss on revaluation of Assets and liabilities?” is rs. 2000 profit. This question belongs to Mathematics. Practice the related questions below to master this topic for your FPSC, PPSC and NTS tests.
Related MCQs
complete the series: 4.8.9.13.14.18.____?Find out the wrong number in the series : 1, 1, 2, 6, 24, 96, 720Find the average of the series : 312, 162, 132, 142 and 122?Find the Missing Number in the series 1, 6, 13, 22, 33 ?In a school, 40 % of the students play football and 50 % play cricket. If 18 % of the students play neither football nor cricket, the percentage of students playing both is____?