CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice

A,B &C are partners in a firm with capitals of Rs. 40,000, Rs. 35,000 and Rs. 50,000 respectively. B retired from the firm. On that date the goodwill of firm is valued at Rs. 48,000 General Reserve stood at Rs. 18,000. The profit on revaluation was Rs. 6,600If 50% of the amount due to B is paid in cash and the balance is transferred to his loan A/c, Calculate the amount of B's Loan.