Mr. X being a partner takes over the asset of Rs. 50,000 at a price of Rs. 30,000. So the partner's capital account is debited with the amount of .

Rs. 50,000

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Rs. 20,000

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Rs. 80,000

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Rs. 30,000

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Solution

The correct option is D Rs. 30,000
Mr. X being a partner takes over the asset of Rs. 50,000 at a price of Rs. 30,000.
So, the partner's capital account is debited with the amount of Rs. 30,000 (i.e. the amount at which asset is taken over by the partner).

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Mr. X being a partner takes over the asset of Rs. 50,000 at a price of Rs. 30,000. So the partner's capital account is debited with the amount of .

The correct option is D Rs. 30,000Mr. X being a partner takes over the asset of Rs. 50,000 at a price of Rs. 30,000. So, the partner's capital account is debited with the amount of Rs. 30,000 (i.e. the amount at which asset is taken over by the partner).

The correct option is D Rs. 30,000
Mr. X being a partner takes over the asset of Rs. 50,000 at a price of Rs. 30,000.
So, the partner's capital account is debited with the amount of Rs. 30,000 (i.e. the amount at which asset is taken over by the partner).