Question:
Sanya, Sarthak, and Nitya were partners in a firm sharing profits and losses in the ratio of \( 4 : 3 : 1 \). They decided to dissolve the firm on 31\textsuperscript{st March, 2023. On this date, the firm had debtors amounting to ₹ 3,00,000 and provision for doubtful debts of ₹ 30,000. On dissolution, debtors for ₹ 20,000 proved bad, and the remaining debtors realised 90\%. Amount realised from the debtors will be:}
Sanya, Sarthak, and Nitya were partners in a firm sharing profits and losses in the ratio of \( 4 : 3 : 1 \). They decided to dissolve the firm on 31\textsuperscript{st March, 2023. On this date, the firm had debtors amounting to ₹ 3,00,000 and provision for doubtful debts of ₹ 30,000. On dissolution, debtors for ₹ 20,000 proved bad, and the remaining debtors realised 90\%. Amount realised from the debtors will be:}
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Deduct bad debts first, and then apply the realisation percentage to calculate the realisable value.
Updated On: Jan 18, 2025
- ₹ 3,00,000
- ₹ 2,25,000
- ₹ 2,80,000
- ₹ 2,52,000
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The Correct Option is D
Solution and Explanation
Calculate the realisable value of debtors:
\[
\text{Realisable Value} = (₹ 3,00,000 - ₹ 20,000) \times 90\%.
\]
\[
\text{Realisable Value} = ₹ 2,80,000 \times 0.9 = ₹ 2,52,000.
\]
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