Where a partner transfers any capital asset into the business of firm ,the sale consideration of such asset to the partner shall be
| A. | Market value of such asset on the date of such transfer |
| B. | Price at which it was recorded in the books of the firm |
| C. | Cost of such asset to the partner |
| D. | None of the above |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
