Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

How much amount will be paid to A, if his opening capital is ₹3,00,000 and his share of realisation profit amount to ₹100,000 and he has taken over assets valuing ₹25,000 from the firm?

Options:

₹4,00 000

₹4,25,000

₹3,75,000

None of the above

Correct Answer:

₹3,75,000

Explanation:

The correct answer is option 3- ₹3,75,000.

AMOUNT PAYABLE = Opening capital + Realisation profit - Asset taken over
                             = 3,00,000 + 1,00,000 - 25,000
                             = 3,75,000