Practicing Success
X, Y & Z are partners in a partnership firm. They decided to dissolve the firm for which firm borne the realisation expenses of ₹20,000. On the date of dissolution following information is available- X's Capital = ₹5,00,000 ADDITIONAL INFORMATION-
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How much amount is paid to creditors? |
₹2,10,000 ₹1,95,000 ₹1,90,000 ₹2,05,000 |
₹1,90,000 |
The correct answer is option 3- ₹1,90,000. Creditors = ₹2,00,000 Payment to creditors = 2,00,000 - 10,000 |