Partnership

Dissolution

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Romesh took over Investments at Rs.8,100 which is 10% less then its book value. The book value of the investment was ____

Rs.8,910.

Rs.9,200.

Rs.9,000.

Rs.8,940.

✅ Correct Option: 3

Let the book value of investments be $x$ .

Romesh took over investments at Rs. 8,100, which is 10% less than the book value.

This means Romesh paid 90% of the book value (100% - 10% = 90%).

So, 90% of $x$ = Rs. 8,100

$\frac{90}{100} \times x = 8,100$

$x = 8,100 \times \frac{100}{90}$

$x = 9,000$

Verification: 10% of Rs. 9,000 = Rs. 900

Rs. 9,000 - Rs. 900 = Rs. 8,100 ✓

The book value of investments was Rs. 9,000.

2025: 26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Dissolution of firm by agreement	(I) When a partner becomes insane
(B) Compulsory dissolution of firm	(II) With the consent of all partners
(C) Dissolution of firm by notice	(III) When business of a firm becomes illegal
(D) Dissolution of firm by Court	(IV) At the request of any one partner

Choose the correct answer from the options given below:

2025: 15 May Shift 2

In case of dissolution of a partnership firm, losses, including deficiencies of capital, shall be paid first out of ...............

2023: 11 June Shift 3

Select the entry that is to be made when a creditor accepts an asset in full and final settlement of his account.

2023: 28 May Shift 1

On Dissolution of partnership firm out of total debtors of Rs. 2,50,000, Rs. 10,000 became bad and the rest realised 70%. In the given case Bank A/c will be debited by :

2026: 21 May Shift 2

When a firm is dissolved with the consent of all the partners or in accordance with a contract between the partners, it is known as:

2025: 14 May Shift 1

Unrecorded liabilities when paid are shown in:

Romesh took over Investments at Rs.8,100 which is 10% less then its book value. The book value of the investment was ____

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