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 payable 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 1,78,350
Solution : Answer = Rs 1,78,350
Amount due to B = 1,80,000
(-) Revaluation (loss) = 1650
= 1,78350
Amount due to B = 1,78,350
Hence, the correct option is 2.