Question

A, B and C were in partnership sharing profits and losses in the proportions of 3 : 2 : 1. On 1st April, 2024, B retires from the firm and A and C decided to share future profits in the ratio of 3 : 2. On that date their capitals were as follows: A ₹ 1,77,000; B ₹ 1,70,000 and C ₹ 1,23,000. Loss on revaluation of assets amounted to ₹ 30,000. Amount due to B was paid on this date by giving him 40,000 over and above the amount due to him. As per partnership deed, partners are allowed 6% p.a. interest on their capitals. Profit for the year ending 31st March 2025 before allowing interest on capitals amounted to ₹ 10,000.

On the basis of above information, answer the following question:

Net amount paid to B will be:

Options

• ₹ 2,10,000

• ₹ 2,00,000

• ₹ 2,10,200

• ₹ 1,70,200

Answer 1

₹ 2,00,000

Explanation:

Net amount paid to B	₹
Capital of B	1,70,000
(-) Loss on Revaluation	(10,000)
+ Goodwill	40,000
	2,00,000