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Raj and Ravi establish a partnership with an equal investment of Rs 1 5 , 0 0 0 each. After four years, the business has
Raj and Ravi establish a partnership with an equal investment of Rs each. After four years, the business has Rs in cash and owes Rs in unpaid bills. Raj and Ravi have personal cash of Rs each and no personal debt. What is the value of their partnership equity each?
a Business will remain solvent.
b Business will go insolvent.
c Can't say from the given data.
d Ravi and Raj can decide to make the business insolvent by not paying their personal cash.
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