Question

The balance sheet of a partnership firm disclosed net debtors of Rs. 96,000
(after considering bad debts reserve of Rs. 4,000). On conversion of the firm
into a company, the debtors are to be taken over at 10% less. The debtors
amount considered while determining the purchase consideration would have
been:
(A) Rs. 88,000;
(B) Rs. 87,000;
(C) Rs. 86,000;
(D) Rs. 89,000.​

Answer 1

Answer:

(D) 89,000. he is right answer

MARK ME A BRAINLIEST

Answer 2

(C) Rs. 86000.

As Total debtor is 100000, in which reserve is 4000 so net debtor is 96000.(before considering bad debts reserve of 4000).

Total debtor. - 100000

Reserve - (-) 4000

Net debtor - 96000

If 10%(debtors to be taken over)is deducted then,

100000 * 10% = 10000

100000

(-)10000

90000

(-) 4000

86000

Hence the debtors determining the purchase consideration is 86000.