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A total of ₹90,000 is payable to the deceased partner. If ₹20,000 has already been paid, how much remains payable now?

Answer and explanation

Correct answer: ₹70,000

Remaining payable amount = total amount payable − amount already paid = ₹90,000 − ₹20,000 = ₹70,000. Therefore, option B is correct. ₹80,000 is incorrect because subtracting ₹20,000 from ₹90,000 leaves ₹70,000. In such questions, subtract the amount already paid from the total amount due.

Related tags

Deceased Partner ShareRetirement Of PartnerAmount PayablePartnership AccountingSubtractionDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A Partner

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