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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


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 4th Jan, 2024

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.

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