Wayne, Shaan and Bryan were partners in a firm. Shaan had advanced a loan of ₹ 1,00,000 to the firm. On 31st March, 2024 the firm was dissolved. After transferring various assets (other than cash & bank) and outside liabilities to Realisation Account, Shaan took over furniture of book value of ₹ 90,000 in part settlement of his loan amount. For the payment of balance amount of Shaan’s loan Bank Account will be credited with:
Show Hint
- ₹ 1,00,000
- ₹ 90,000
- ₹ 10,000
- ₹ 1,90,000
The Correct Option is C
Solution and Explanation
He took furniture worth ₹ 90,000 in part settlement.
Remaining loan payable in cash = ₹ 1,00,000 – ₹ 90,000 = ₹ 10,000
Thus, Bank Account will be credited with ₹ 10,000 to pay remaining balance.
Final Answer: ₹ 10,000
Top Questions on Partnership Accounts
- Pass necessary journal entries for the following transactions on dissolution of the firm of Rajesh, Somesh and Yogesh after various assets (other than cash) and third party liabilities have been transferred to Realisation Account :
(i) Rajesh took over stock of Rs 4,00,000 at a discount of 20\%.
(ii) Somesh agreed to take over the firm's furniture, not recorded in the books of the firm at Rs 80,000.
(iii) Land and Building of the book value of Rs 60,00,000 was sold for Rs 90,00,000 through a broker who charged 10\% commission.
(iv) Ashish, an old customer, whose account for Rs 70,000 was written off as bad in the previous year, paid 60\% of the amount.
(v) Sundry Creditors of Rs 3,00,000 were settled at a discount of 10\%.
(vi) Realisation expenses amounting to Rs 21,000 were paid by Yogesh.- CBSE CLASS XII - 2025
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Sudha and Sudhir were partners in a firm sharing profits and losses in the ratio of 4 : 1. On 1st April, 2023, their fixed capitals were ₹12,00,000 and ₹4,00,000 respectively. On 1st July, 2023, Sudha invested ₹2,00,000 as additional capital. On 1st August, 2023, Sudhir withdrew ₹50,000 from his capital.
The partnership deed provided for the following:
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(ii) Interest on drawings @ 8% p.a.
During the year, Sudha withdrew ₹60,000 and Sudhir withdrew ₹40,000 for personal use. After providing interest on capital and charging interest on drawings, the net profit of the firm for the year ended 31st March, 2024 was ₹3,50,000.
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The partnership deed provided for the following on the death of a partner: (i) Balance in her capital account.
(ii) Interest on capital @ 12% p.a.
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Prepare Kalyani’s Capital Account to be presented to her executors.- CBSE CLASS XII - 2025
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‘सूरदास में सरलता भी है और व्यावहारिक चतुराई भी’ — ‘सूरदास की झोंपड़ी’ पाठ के आधार पर इस दृष्टि से उसके व्यक्तित्व का विश्लेषण कीजिए।
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लेखक की मालवा-यात्रा के आधार पर स्पष्ट कीजिए कि पहले लोगों में आत्मीयता और अपनत्व का भाव अधिक था। आज इसमें जो परिवर्तन आया है, उसके कारणों को स्पष्ट कीजिए।
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निम्नलिखित गद्यांश की सप्रसंग व्याख्या कीजिए:
हर की पौड़ी पर साँझ कुछ अलग रंग में उतरती है। दीया-बाती का समय या कह लो आरती की बेला। पाँच बजे जो फूलों के दोने एक-एक रुपए के बिक रहे थे, इस वक्त दो-दो के हो गए हैं। भक्तों को इससे कोई शिकायत नहीं। इतनी बड़ी-बड़ी मनोकामना लेकर आए हुए हैं। एक-दो रुपए का मुँह थोड़े ही देखना है। गंगा सभा के स्वयंसेवक खाकी वर्दी में मस्तेदी से घूम रहे हैं। वे सबको सीढ़ियों पर बैठने की प्रार्थना कर रहे हैं। शांत होकर बैठिए, आरती शुरू होने वाली है। कुछ भक्तों ने स्पेशल आरती बोल रखी है। स्पेशल आरती यानी एक सौ एक या एक सौ इक्यावन रुपए वाली। गंगा-तट पर हर छोटे-बड़े मंदिर पर लिखा है — ‘गंगा जी का प्राचीन मंदिर।’ पंडितगण आरती के इंतज़ाम में व्यस्त हैं। पीतल की नीलांजलि में सहस्त्र बातियाँ घी में भिगोकर रखी हुई हैं।- CBSE CLASS XII - 2025
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