P, Q, and R are partners in a firm sharing profits and losses in the ratio of $3:2:1$ . R retires and the balance in his capital A/c after making necessary adjustments works out to be $₹\ 60,000$ . However P and Q agreed to pay him $₹\ 75,000$ in full settlement of his claim. Then the amount to be debited to P's capital A/c would be:

Question

P, Q, and R are partners in a firm sharing profits and losses in the ratio of $3:2:1$ . R retires and the balance in his capital A/c after making necessary adjustments works out to be  $₹\ 60,000$ . However P and Q agreed to pay him  $₹\ 75,000$  in full settlement of his claim. Then the amount to be debited to P's capital A/c would be:

cdquestions Admin · Accepted Answer

The correct option is (A) : $₹9,000$

Answer

Answer

Answer

$₹15,000$

Answer

LIST I		LIST II
A	Only Capital A/c exist	I	Credited to partner's capital account
B	Capital account balance remain unchanged	II	Debited to Partner's Capital Account
C	Fresh/additional capital brought in by partner	III	Fixed Capital Account
D	Permanent withdrawal	IV	Fluctuating Capital Account

List-I (Words)	List-II (Definitions)
(A) Theocracy	(I) One who keeps drugs for sale and puts up prescriptions
(B) Megalomania	(II) One who collects and studies objects or artistic works from the distant past
(C) Apothecary	(III) A government by divine guidance or religious leaders
(D) Antiquarian	(IV) A morbid delusion of one’s power, importance or godliness

The Correct Option is A

Solution and Explanation

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