A and B are partners in a partnership firm sharing profits in the ratio of 3:2. They decided to dissolve the partnership firm. All assets other than cash and liabilities have been transferred to Realisation Account. Following information is available:

Book value of stock = ₹4,00,000
Debtors= ₹2,64,000
Provision of doubtful debts= ₹24,000
Book debts proved bad= ₹48,000
Building= ₹5,00,000
Machinery= ₹6,00,000
Investments= ₹40,000

What is the realised value of debtors?

₹2,16,000

The correct answer is option 4- ₹2,16,000.

Debtors= ₹2,64,000
Bad debts= ₹48,000
Realised debtors = 2,64,000 - 48,000
                          = ₹2,16,000