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A deceased partner’s capital account shows ₹80,000 and their share of goodwill is ₹10,000. What total amount will be due to the partner’s account?

Answer and explanation

Correct answer: ₹90,000

The total amount due = capital + share of goodwill = ₹80,000 + ₹10,000 = ₹90,000. Therefore, option B is correct. The amount ₹95,000 includes an extra ₹5,000 that is not given in the question. In such questions, add only the specified capital and goodwill amounts.

Related tags

Deceased Partner ShareGoodwill AdjustmentCapital AccountPartnership ReconstitutionDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A PartnerAccountancy

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