Question : A, B, C and D were partners sharing profits in the ratio of 5 : 3 :2 :2. B died on 1st March, 2018. Goodwill of the firm was valued at Rs. 6,00,000. A, C and D decided to share future profits equally.
Q. B’s capital account will be -------
Option 1: Debited by Rs 50,000
Option 2: Credited by Rs 1,00,000
Option 3: Debited by Rs 1,50,000
Option 4: None of the above

Question

Question : A, B, C and D were partners sharing profits in the ratio of 5 : 3 :2 :2. B died on 1st March, 2018. Goodwill of the firm was valued at Rs. 6,00,000. A, C and D decided to share future profits equally.
Q. B’s capital account will be -------

Option 1: Debited by Rs 50,000

Option 2: Credited by Rs 1,00,000

Option 3: Debited by Rs 1,50,000

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: Credited by Rs 1,00,000

Solution : Answer = Credited by Rs 1,00,000

B's Capital Credited by
= 2/12 × 6,00,000 = 1,00,000.
Hence, the correct option is 2.

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A, B, C and D were partners sharing profits in the ratio of 5:3:2:2. B died on 1st March 2018. The goodwill of the firm was valued at Rs. 6,00,000. A, C and D decided to share future profits equally.
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