From the following information, calculate the amount due to Mohan (the retiring partner):
From the following information, calculate the amount due to Mohan (the retiring partner):
| Capital account balance | ₹ 1,50,000 |
| Loan account balance (cr.) | ₹ 1,25,500 |
| Accrued interest on loan | ₹ 4,000 |
| Value of goodwill | ₹ 1,25,000 |
| Revaluation Profit | ₹ 25,000 |
| Share of Profit | 50% |
a) ₹ 3,50,000
b) ₹ 3,54,000
c) ₹ 3,44,000
d) ₹ 3,55,000
Anurag Pathak Changed status to publish July 2, 2023
Ans – b)
Solution:-
Amount Due to Mohan = Opening Capital + Loan Account Balance + Accrued Interest on loan + share in goodwill + Share in Revaluation Profit
Amount Due to Mohan = 1,50,000 + 1,25,500 + 4,000 + 50% of 1,25,000 + 50% of 25,000
Amount Due to Mohan = 1,50,000 + 1,25,500 + 4,000 + 62,500 + 12,500
Amount Due to Mohan + ₹ 3,54,500
Anurag Pathak Changed status to publish July 2, 2023
