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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 3 · Set 1 · Q3

Lata, Mehu and Namita were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. They decided to dissolve the firm on 31st March,…

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 :
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