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₹95000 is due and ₹40000 is paid immediately. What will be the remaining loan?

Answer and explanation

Correct answer: ₹55000

Direct answer: option B, ₹55,000. The total amount due is ₹95,000, but ₹40,000 is paid immediately. The unpaid amount becomes the retiring partner’s loan: ₹95,000 − ₹40,000 = ₹55,000. Option A, ₹1,35,000, incorrectly adds the payment to the amount due. Option B is correct because only the unpaid balance is transferred to the loan account. Option C, ₹95,000, ignores the immediate payment. Option D, ₹40,000, gives only the amount paid and not the remaining liability. The supplied answer is consistent. A useful check is that the paid amount plus the remaining loan must equal the original due amount: ₹40,000 + ₹55,000 = ₹95,000. Memory cue: loan = total due − amount paid immediately.

Related tags

NumericalSettlementUnpaid Loan

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