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Question : If opening capital of partners are Rs 2,00,000, B Rs 3,00,000 and C Rs 4,00,000 and their drawing during the year are A 3000 per month, B Rs 4000 per month and C Rs 5000 per month and creditors are Rs 80,000 . What will be the amount of sundry assets of the firm.

Option 1: Rs 9,36,000

Option 2: Rs 8,36,000

Option 3: Rs 10,00,000

Option 4: None of the above.


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Rs 8,36,000


Solution : Answer = Rs 8,36,000

Memorandum balance sheet
Liabilities Amount Assets Amount
Capital   S.Assets(b/f) 8,36,000
A(2,00,000-36,000) 1,64,000    
B(3,00,000-48,000) 2,52,000    
C(4,00,000-60,000) 3,40,000    
Creditors 80,000    
  8,36,000   8,36,000

Sundry assets = 1,64,000+2,52,000+3,40,000+80,000=8,36,000.
Hence, the correct option is 2.

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