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The total amount payable to a deceased partner is ₹110000. If ₹10000 has already been paid to the partner’s account, how much amount is still payable?

Answer and explanation

Correct answer: ₹100000

Balance payable = Total amount payable − Amount already paid = ₹110000 − ₹10000 = ₹100000. Therefore, option B is correct. Choosing ₹110000 ignores the amount already paid. In such questions, subtract the payment made from the total amount due to find the remaining balance.

Related tags

Deceased Partner SharePartner ReconstitutionAmount PayableArithmeticDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A PartnerAccountancy

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