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How much amount will be paid to cred...

How much amount will be paid to creditors for Rs, 25,000 if Rs, 5,000 of the creditors are not to be paid and the remaining creditors agreed to accept 5% less amount ?

A

Rs, 18,750

B

Rs,19,000

C

Rs,19,750

D

Rs,20,000

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The correct Answer is:
B
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Pradeep and Rajesh were partners in a firm sharing profits and losses in the ratio of 3 : 2 . They decided to dissolve their partnership firm on 31st March 2018 . Pradeep was deputed to realise the assets and to pay off the liabilities . He was paid ₹ 1,000 as commission for his services . The financial position of the firm on 31st March , 2018 was as follows : Following terms and conditions were agreed upon : (a) Pradeep agreed to pay off his wife loan . (b) Half of the debtors realised ₹ 12, 000 and remaining debtors were used to pay off 25% of the creditors. (c) Investment sold to Rajesh for ₹ 27,000 . (d) Building realised ₹ 1, 52, 000 . (e) Remaining creditors were to be paid after two months , they were paid immediately at 10% p.a discount . (f) Bills receivables were settled at a loss of ₹ 1,400 . (g) Realisation expenses amounted to ₹ 2,500. Prepare Realisation Account .

From the following information calculate the amount to be paid to creditors:

X and Y were partners sharing profits and losses in the ratio of 3 : 2 . They decided to dissolve the firm on 31st March , 2019 . On that date , their Capitals were X - ₹ 40,000 and Y - ₹ 30,000 . Creditors amounted to ₹ 24,000 . Assets were realised for ₹ 88,500 . Creditors of ₹ 16,000 were taken over by X at ₹ 14,000 . Remaining Creditors were paid at ₹ 7,500 . The cost of realisation came to ₹ 500 . Prepare necessary accounts .

A sells a scooter priced Rs 36,000. He gives a discount of 8% on the first Rs 20,000 and 5% on the next Rs 10,000. How much discount can he affored on the remaining Rs 6000 if he is to get as much as 7% discount is allowed on the total.

DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. If total assets areRs, 2,00,000 total liabilities are Rs, 40,000 amo...

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  2. On dissolution of a firm , debtors were Rs. 17,000 Of these Rs, ...

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  3. In the Balance sheet Total debtors appear at Rs.50,000 and Prov...

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  4. How much amount will be paid to creditors for Rs, 25,000 if Rs, ...

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  5. P, a partner , is to bear all expenses of realisation for which he...

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  6. How much amount will be paid to A , If his opening capital is ...

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  7. Investments valued Rs, 2,00,000 were not shown in the books One o...

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  8. If creditors are Rs, 25,000 ,Capital is Rs, 1,50,000 and cash bala...

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  9. If opening capital of partners are A Rs, 3,00,000 ,B Rs, 2,00,000 a...

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  10. If total assets of a firm Are Rs, 12,00,000 and total libilities ar...

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  11. On dissolution of a firm , a partner's capital account has a cred...

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  12. On dissolution of a firm a partner took over Rs, 17,000 investment...

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  13. On dissolution of firm , which item is debited to the realisation...

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  14. At the time of dissolution of a firm , Creditors are Rs,70,000 ,P...

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  15. On dissolution of a firm , Debtors Rs, 17,000 were shown in the Bal...

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  16. X,Y,and Z are partners in a firm in the ratio of 4:3:2 Om firm '...

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  17. On dissolution of a firm , firm's Balance sheet total is Rs, 77,0...

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  18. On dissolution of a firm , partners' Capital accounts balance was ...

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  19. On Dissolution of firm ,a partner took- over the investments Of Rs...

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  20. Anu,Bina and charan are partners , the firm had given a loan of...

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