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A deceased partner’s capital is ₹1,01,000 and the goodwill attributable to the partner’s share is ₹9,000. Assuming there are no other adjustments, what will be the amount of the deceased partner’s total claim?

Answer and explanation

Correct answer: ₹1,10,000

The deceased partner’s total claim is calculated as capital plus the goodwill attributable to that partner: ₹1,01,000 + ₹9,000 = ₹1,10,000. Therefore, option C is correct. Option B understates the sum by ₹3,000, while option D overstates it by ₹2,000. Exam tip: In retirement or death adjustments, add capital, goodwill, and any other amounts due separately before determining the final claim.

Related tags

Deceased Partner SharePartnership AccountsGoodwill AdjustmentRetirement Or Death Of PartnerCapital AccountDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A Partner

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