A and B are partners. C is admitted with 1/5 share. C brings 7 1,20,000 as his share towards capital. The total net worth of the firm is :
A. ₹ 1,00,000
B. ₹ 4,00,000
C. ₹ 1,20,000
D. ₹ 6,00,000
Answer:D
A and B are partners. C is admitted with 1/5 share. C brings 7 1,20,000 as his share towards capital. The total net worth of the firm is :
A. ₹ 1,00,000 B. ₹ 4,00,000 C. ₹ 1,20,000 D. ₹ 6,00,000