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A total amount of ₹1,44,000 is payable to the legal representative of a deceased partner. If ₹44,000 has already been paid, what amount remains payable?

Answer and explanation

Correct answer: ₹1,00,000

The outstanding amount is calculated as: total amount payable − amount already paid = ₹1,44,000 − ₹44,000 = ₹1,00,000. Hence, option C is correct. Adding ₹44,000 would be incorrect because that amount has already been paid. Exam tip: whenever a total claim and part payment are given, subtract the part payment from the total claim to find the balance payable.

Related tags

Deceased Partner ShareLegal Representative ClaimRetirement Of PartnerSettlement Of ClaimAccountancy ArithmeticDeceased Partner’s ShareDeceased Partner S ShareReconstitution Retirement Or Death Of A Partner

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