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:}

• A. ₹ 3,00,000
• B. ₹ 2,25,000
• C. ₹ 2,80,000
• D. ₹ 2,52,000

Hint:

Deduct bad debts first, and then apply the realisation percentage to calculate the realisable value.

Answer 1

The Correct Option is D

Calculate the realisable value of debtors: \[ \text{Realisable Value} = (₹ 3,00,000 - ₹ 20,000) \times 90\%. \] \[ \text{Realisable Value} = ₹ 2,80,000 \times 0.9 = ₹ 2,52,000. \]