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The total amount payable to a deceased partner’s executor is ₹1,75,000. If ₹25,000 has already been paid in advance, what amount remains payable?

Answer and explanation

Correct answer: ₹1,50,000

Balance payable = Total claim − Advance paid = ₹1,75,000 − ₹25,000 = ₹1,50,000. Therefore, option C is correct. ₹1,45,000 would result from deducting ₹30,000 instead of ₹25,000. In such questions, subtract all advance payments from the total amount due to the deceased partner’s executor.

Related tags

Deceased Partner ShareExecutor ClaimRetirement Or Death Of PartnerPartnership AccountsAdvance PaymentDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A Partner

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