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If a deceased partner’s capital account shows ₹65,000 and the goodwill credited to the partner is ₹7,000, what total amount is payable to the partner’s account, ignoring other adjustments?

Answer and explanation

Correct answer: ₹72,000

The amount payable is calculated by adding the deceased partner’s capital and the goodwill credited to that partner: ₹65,000 + ₹7,000 = ₹72,000. Therefore, option B is correct. ₹70,000 is ₹2,000 short, while the other options exceed the correct total. In such questions, first check whether any additional adjustments, such as profit share or loan, are given.

Related tags

AccountancyPartnershipFundamentalsDeceased Partner ShareGoodwillCapital AccountDeceased Partner’s ShareDeceased Partner S Share

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