CBSE 2024 · Region 5 · Set 1 · Q8

Kriti, Hina and Nidhi were partners sharing profits in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Nidhi retired. On the date of her retirement, Workmen Compensation Fund stood in the Balance Sheet at ₹ $\displaystyle 1,50$,000. Workmen Compensation Claim was ₹ $\displaystyle 1,20$,000. How much amount of Workmen Compensation Fund will be credited to Nidhi's Capital Account ?

OR

Rohit, Udit and Mohit were partners in a firm sharing profits in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Mohit retired. The balance in his capital account after making the necessary adjustments on account of reserves and revaluation of assets and liabilities was ₹ $\displaystyle 1,80$,000. Rohit and Udit agreed to pay him ₹ $\displaystyle 2,00,000$ in full settlement of his claim. Mohit's share of goodwill in the firm was