On dissolution of a firm, the stock was appearing in the balance sheet ₹1,00,000. Part of the stock was taken once 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?

₹1,03,500

The correct answer is option 3- ₹1,03,500.

Let the book value of debtors taken by partner = x
Total part taken by partner = x X (90/100)
                                            = 49,500
                                         x = 49,500 X 100/90
                                         x = ₹55,000

Remaining stock = Total debtors - taken by partner
                           = 1,00,000 - 55,000
                           = ₹45,000 ( this is sold at 20% profit)
                           = 45,000 X 20/100
                           = ₹9,000

Realised value = 45,000 + 9,000
                        = ₹54,000

Total amount realised = 54,000 + 49,500
                                   = ₹1,03,500