Ram and Mohan were in partnership sharing profits and losses in a ratio of 3:2. Investments stood in the balance sheet at ₹1,40,000 on the dissolution of firm. Ram took over some of the investments at ₹8,100 (book value less 10%) while the remaining investments were taken over by Mohan at 90% of book value less ₹900 discount. At what value, did Mohan take over investment?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹1,17,000
First find the book value of the investments Ram took, then value the remaining investments on Mohan’s terms.
Book value taken by Ram = ₹8,100 ÷ 90% = ₹9,000
Remaining book value = ₹1,40,000 − ₹9,000 = ₹1,31,000
90% of ₹1,31,000 = ₹1,17,900
Less: discount ₹900
Value taken over by Mohan = ₹1,17,000
NCERT (2026-27 edition):
NCERT (2026-27 edition):
|
