Amount credited to a retiring partner in his capital Account is ₹ 2,01,000. He took investments at ₹ 58,000. He also took 20% of the debtors. The amount transferred to his loan account is ₹ 1,23,000. What is the total value of the debtors?
Amount credited to a retiring partner in his capital Account is ₹ 2,01,000. He took investments at ₹ 58,000. He also took 20% of the debtors. The amount transferred to his loan account is ₹ 1,23,000. What is the total value of the debtors?
a) ₹ 1,00,000
b) ₹ 90,000
c) ₹ 80,000
d) ₹ 1,10,000
Anurag Pathak Changed status to publish July 2, 2023
Ans – a)
Explanation:-
Retiring Partner’s Loan A/c = Partner’s opening capital A/c – Investments took over – took over 20% of the debtors
1,23,000 = 2,01,000 – 58,000 – 20/100 of Debtors
20% of Debtors = 2,01,000 – 1,23,000 – 58,000
20% of Debtors = 20,000
Debtors = 20,000 × 100/20
Debtors = ₹ 1,00,000
Anurag Pathak Changed status to publish July 2, 2023
