Question : On the basis of the following data, how much final payment on the firm's dissolution will be made to a partner? Debit balance of capital account Rs 1,28,000
Share of profit on realization Rs 1,43,000
Firm's liabilities taken over by him 34,000
Firm's assets taken over by him rs 25000
Option 1: Rs 20,000
Option 2: Rs 36,000
Option 3: Rs 24,000
Option 4: None of the above
Correct Answer: Rs 24,000
Solution : Answer = Rs 24,000
Hence, the correct option is 3.
Question : On the basis of the following data, how much final payment will be made to a partner on the firm's dissolution?
The credit balance of the capital account is Rs 50,000. Share of loss on realization Rs 10,000. The firm's liability was taken over by him for Rs 8000.
Option 1: Rs 48,000
Option 2: Rs 68,000
Option 3: Rs 38,000
Question : On the basis of the following data, what final payment to a partner on the firm's dissolution will be made: Debit balance of Capital Account Rs. 28000. Share of his profit on realisation Rs. 21500; Firm's asset taken by him for Rs. 34000.
Option 1: Rs 31,000
Option 2: Rs 83,500
Option 3: Rs 40,500
Option 4: Rs 60,000
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