Calculation of Debtor Value

Given Information:
- Amount credited to a retiring partner in his capital account = Rs.2,01,000
- Investment taken over by the retiring partner = Rs.58,000
- Retiring partner took over 20% of debtor
- Amount transferred to the retiring partner's loan account = Rs.1,23,000

Calculation Steps:

1. Calculation of Retiring Partner's Share in Debtor:
- The retiring partner took over 20% of debtor
- Let the total debtor value be 'x'
- Retiring partner's share in debtor = 20% of x = 0.2x

2. Calculation of Retiring Partner's Total Gains:
- Total gains of the retiring partner = Amount credited to capital account + Investment taken over + Share in debtor - Amount transferred to loan account
- Total gains = Rs.2,01,000 + Rs.58,000 + 0.2x - Rs.1,23,000
- Total gains = Rs.1,36,000 + 0.2x

3. Calculation of Debtor Value:
- We know that the retiring partner's total gains = Rs.1,36,000 + 0.2x
- Also, we know that the retiring partner's share in debtor = 0.2x
- Therefore, the remaining share in debtor = Total debtor value - Retiring partner's share
- Remaining share = x - 0.2x = 0.8x
- We can equate the retiring partner's total gains with the sum of his capital account and his share in debtor to find the value of x
- Rs.1,36,000 + 0.2x = Rs.2,01,000 + 0.2x
- 0.2x - 0.2x = Rs.2,01,000 - Rs.1,36,000
- 0.6x = Rs.65,000
- x = Rs.1,08,333.33

Therefore, the value of the debtor is Rs.1,08,333.33

Explanation:

The problem involves calculating the value of debtor when a partner retires from a partnership firm. The retiring partner is credited with a certain amount in his capital account and also takes over some investments and a share in debtor. However, he is also liable to transfer some amount to his loan account. We can use this information to calculate the value of debtor.

To do this, we first calculate the retiring partner's share in debtor. We then calculate his total gains by summing up the amounts credited to his capital account, the investments taken over, and his share in debtor. We subtract the amount transferred to his loan account from this to get his total gains. We can then equate this with the sum of his capital account and his share in debtor, and solve for the value of debtor.

In this case, the value of debtor is calculated to be Rs.1,08,333.33. This means that the retiring partner takes over 20% of this amount, which is Rs.21,666.67. The remaining amount of Rs.86,666.67 is shared by the other partners in the firm.

100,000 because capital account is credited with 2,01,000 and amount transferred to loan A/c is 1,23,000 and investment valued at Rs. 58,000 and debtors took over at 20 percent So the amount of debtors is 2,01,000-123,000 equals 78000 -58,000 equals 20000 which means 100 percent equals 1,00,000