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?
Answer & explanation
Correct answer: option 3
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