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A deceased partner’s capital is ₹82,000 and his share of goodwill is ₹8,000. What total amount is payable to the deceased partner?

Answer and explanation

Correct answer: ₹90,000

The amount payable to the deceased partner is calculated as capital plus the partner’s share of goodwill: ₹82,000 + ₹8,000 = ₹90,000. Therefore, option C is correct. In the exam, add other adjustments such as profit share or interest only when they are specifically given.

Related tags

AccountancyPartnershipReconstitutionDeceased Partner ShareGoodwillRetirement Or DeathDeceased Partner’s ShareDeceased Partner S Share

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