A and B were partners. They shared profits as A- ½; B- 1/3 and carried to reserve 1/6. B died. The balance of reserve on the date of death was Rs. 30,000. B’s share of reserve will be:
A. Rs. 10,000
B. Rs. 8,000
C. Rs. 12,000
D. Rs. 9,000
Answer:C
A and B were partners. They shared profits as A- ½; B- 1/3 and carried to reserve 1/6. B died. The balance of reserve on the date of death was Rs. 30,000. B’s share of reserve will be:
A. Rs. 10,000 B. Rs. 8,000 C. Rs. 12,000 D. Rs. 9,000