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 C are partners in a firm. B retires and his claim including his capital and his share of goodwill is Rs. 6,00,000. There was unrecorded furniture valued at Rs. 30,000, half of which was given to an unrecorded creditor of Rs. 60,000 in settlement of his claim of Rs. 30,000 and the remaining half was given to B at a discount of 10% in part satisfaction of his claim. The balance of B's claim was discharged by the current date cheque. Bank account will be

Option 1: Debited by Rs 5,81,000

Option 2: Credited by Rs 5,81,000

Option 3: Credited by Rs5,73,250

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 :

X, Y and Z are partners in a firm sharing profits arid losses in the ratio of 1: 2: 3. Z retires and his Capital Account after making all adjustments of reserve and gain (profit) on revaluation exists at Rs. 3,60,000. X and Y agreed to pay him Rs. 4,50,000 in full settlement of his claim. X and Y decided to share future profits in the ratio of 1: 3. By what amount X and Y will be debited/credited?

Option 1: X debited Rs 75,000 and Y debited Rs 15,000

Option 2: X credited Rs 75,000 and Y credited Rs 15,000

Option 3: Debiting X by Rs 15,000 and Y debiting Rs 75,000

Option 4: Credited X by Rs 15,000 and Y credited By Rs 75,000