CBSE 2024 · Region 3 · Set 1 · Q3

Lata, Mehu and Namita were partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. They decided to dissolve the firm on 31st March, 2023. Creditors took over stock of book value of ₹ $\displaystyle 80,000$ at $\displaystyle 80$%, in part settlement of their amount of ₹ $\displaystyle 90$,000. The balance amount was paid to the creditors by cheque. The amount paid by cheque to the creditors will be :

OR

Sanya, Sarthak and Nitya were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 3$ : 1. They decided to dissolve the firm on 31st March, 2023. On this date, the firm had debtors amounting to ₹ $\displaystyle 3,00,000$ and provision for doubtful debts of ₹ $\displaystyle 30$,000. On dissolution, debtors for ₹ $\displaystyle 20,000$ proved bad and the remaining debtors realised $\displaystyle 90$%. Amount realised from the debtors will be :