On dissolution of a firm, the stock was appearing in the balance sheet ₹1,00,000. Part of the stock was taken over by a partner at a 10% discount at ₹49,500 and the balance was sold at a profit of 20%. How much amount will be credited to Realisation A/c?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹1,03,500
Realisation Account is credited with what each part of the stock fetches.
Book value of stock taken by the partner = 49,500 ÷ 90% = Rs. 55,000
Remaining stock = 1,00,000 − 55,000 = Rs. 45,000
Sale price of the remaining stock = 45,000 + 20% = Rs. 54,000
Credited to Realisation A/c = 49,500 + 54,000 = Rs. 1,03,500
The book value of Rs. 1,00,000 goes to the debit side; the Rs. 49,500 is credited with the partner’s capital account debited.
NCERT (2026-27 edition):
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