Romesh took over stock at Rs.8,100, which is 10% less then its book value. The book value of the stock was ......... Option 1: Rs.8910. Option 2: Rs.9,200. Option 3: Rs.9,000. Option 4: Rs.8,000.

Answer: Rs.9,000. Solution: Let the book value of stock be x. Romesh took over the stock at 10% less than book value, which means he took it at 90% of the book value. Therefore: 90% of x = Rs. 8,100 90/100 x x = 8,100 x = 8,100 x 100/90 x = (810,000)/90 x = 9,000 Verification: 10% of Rs. 9,000 = Rs. 900 Book value - 10% = Rs. 9,000 - Rs. 900 = Rs. 8,100 ✓ The book value of the stock was Rs. 9,000.

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Romesh took over stock at Rs.8,100, which is 10% less then its book value. The book value of the stock was .........

Rs.8910.

Rs.9,200.

Rs.9,000.

Rs.8,000.

✅ Correct Option: 3

Let the book value of stock be $x$ .

Romesh took over the stock at 10% less than book value, which means he took it at 90% of the book value.

Therefore:

90% of $x$ = Rs. 8,100

$\frac{90}{100} \times x = 8,100$

$x = 8,100 \times \frac{100}{90}$

$x = \frac{810,000}{90}$

$x = 9,000$

Verification: 10% of Rs. 9,000 = Rs. 900

Book value - 10% = Rs. 9,000 - Rs. 900 = Rs. 8,100 ✓

The book value of the stock was Rs. 9,000.

2025: 27 May Shift 2

Romesh took over Investments at Rs.8,100 which is 10% less then its book value. The book value of the investment was ____

2025: 3 June Shift 1

Partner's current accounts are transferred to respective Partners' _____________________.

2026: 23 May Shift 2

Select the items shown on the debit side of Realisation A/c :

A. Cash in hand

B. Intangible assets

C. Fictitious assets

D. Bills Receivables

Choose the correct answer from the options given below:

2025: 14 May Shift 2

The Court may order a partnership firm to be dissolved in which of the following case?

2025: 13 May Shift 1

According to Section ........... of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

2022: 30 Aug Shift 2

Following items appear on the Debit side of Realisation A/C except :

A. Transfer of Assets

B. Payment of liabilities

C. Provisions

D. Realisation expenses

E. Asset taken over by partner

Choose the correct answer from the options given below:

Romesh took over stock at Rs.8,100, which is 10% less then its book value. The book value of the stock was .........

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