Question : A, B and Cwere partners in a firm. 8 retired and his claim including his capital and share of goodwill was Rs. 1,80,000.There was an unrecorded furniture estimated at Rs. 9,000, half of which was given for an unrecorded liability of Rs. 18,000 in settlement of claim of Rs. 9,000 and remaining half was taken by 8 at a discount of 10% in part satisfaction of his claim. Balance of B's claim was discharged by bank draft. Question: Amount paid to B is
Option 1: Rs 1,80,000
Option 2: Rs 1,78,350
Option 3: Rs 1,74,300
Option 4: None of the above
Correct Answer: Rs 1,74,300
Solution : Answer = Rs 1,74,300
Amount due to B = 1,80,000
(-) Revaluation (loss) = 1650
= 1,78350
Amount Paid = 1,78,350 - 4050
= 1,74,300 Hence, the correct option is 3.
Question : A, B and Cwere partners in a firm. 8 retired and his claim including his capital and share of goodwill was Rs. 1,80,000.There was an unrecorded furniture estimated at Rs. 9,000, half of which was given for an unrecorded liability of Rs. 18,000 in settlement of claim of Rs.
Question : X, Y and Z are partners in a firm. Y retires and his claim including his capital and his share of goodwill is Rs. 3,00,000. There was unrecorded furniture valued at Rs. 15,000, half of which was given to an unrecorded creditor of Rs. 30,000 in settlement of his claim of Rs.
Question : X, Y and Z are partners in a firm. Y retires and his claim including his capital and his share of goodwill is Rs.3,00,000. There was unrecorded furniture valued at Rs. 15,000 , half of which was given to an unrecorded creditor of Rs. 30,000 in settlement of his claim of Rs.
Question : A, B and C are partners in a firm. B retires and his claim including his capital and his share of goodwill is Rs. 6,00,000. There was unrecorded furniture valued at Rs. 30,000, half of which was given to an unrecorded creditor of Rs. 60,000 in settlement of his claim of Rs.
Question : P, A and L are partners in a firm sharing profits and losses in the ratio of 3: 2 : 1 respectively. Angad died and his claim, including Capital and entitlements from the firm including his share of Goodwill of the firm, is Rs. 50,000. After this amount was
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