wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A, B and C are equal partners. After selling all assets , paying all liabilities and dividing profit on realisation, capital balance are A - Rs. 8,000 (Cr.), B - Rs. 5,000 (Dr.), and C - Rs. 1,000 (Dr.). What is the amount of cash in hand?

A
Rs. 8,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Rs. 14,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Rs. 5,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Rs. 2,000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is B Rs. 2,000
A has credit Balance while B,C has debit balance
B,C will bring in the required amount to clear his debit balance

BANK ACCOUNT
Particulars Amount particulars Amount
To B's Capital A/C 5000 By A's Capital A/C8000
To C's Capital A/C 1000
To balance b/d
(remaining Balance)
2000
Total: 8000 Total 8000

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Issue of Shares
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon