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. 15,000 and remaining half was given to Y at a discount of 10% in part satisfaction of his claim. Balance of Y's claim was discharged by current date cheque.
Question:
Amount paid by cheque is

Option 1: Rs 3,00,000

Option 2: Rs 2,97,500

Option 3: Rs 2,97,250

Option 4: Rs 2,90,500

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. 15,000 and remaining half was given to Y at a discount of 10% in part satisfaction of his claim. Balance of Y's claim was discharged by current date cheque.
Question:
Amount payable to Y is

Option 1: Rs 3,00,000

Option 2: Rs 2,97,500

Option 3: Rs 2,97,250

Option 4: None of the above

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

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

Question : A, B, C and D are partners sharing profits in the ratio of 3: 4: 3: 2, On the retirement of C, the goodwill was valued at Rs. 6,00,000. A, B and D decided to share future profits equally. C's capital account will be ....

Option 1: Debited by 1,50,000

Option 2: Credited by Rs 1,50,000

Option 3: Debited by Rs 6,00,000

Option 4: Credited by Rs 6,00,000