Question : If the opening capitals of partners are A 8,60,000, B 4,00,000 and C 2,00,000 and their drawings during the year are A 1,00,000, B 80,000 and C 60,000 and creditors are 1,20,000. What will be the amount of assets of the firm?

Option 1: 13,40,000

Option 2: 14,60,000

Option 3: 12,20,000

Option 4: 26,60,000

Question : If opening capital of partners are Rs 2,00,000, B Rs 3,00,000 and C Rs 4,00,000 and their drawing during the year are A 3000 per month, B Rs 4000 per month and C Rs 5000 per month and creditors are Rs 80,000 . What will be the amount of sundry assets of the firm.

Option 1: Rs 9,36,000

Option 2: Rs 8,36,000

Option 3: Rs 10,00,000

Option 4: None of the above.

Question : If opening capital of partners are Rs 2,00,000, B Rs 3,00,000 and C Rs 4,00,000 and their drawing during the year are A 3000 per month, B Rs 4000 per month and C Rs 5000 per month and creditors are Rs 80,000 . What will be the amount of sundry assets of the firm.

Option 1: Rs 9,36,000

Option 2: Rs 8,36,000

Option 3: Rs 10,00,000

Option 4: None of the above.

Question : At the time of dissolution of a firm, Creditors are Rs.40,000, Partners' capital is Rs.2,00,000; Cash Balance is Rs.20,000, and other assets are realized Rs.2,00,000. Profit/Loss in the realization account will be

Option 1: 60,000 (Loss)

Option 2: 40,000 (Loss)

Option 3: 20,000 (Profit)

Option 4: 20,000 (Loss)

Question : At the time of dissolution of a firm, Creditors are Rs.40,000, Partners' capital is Rs.2,00,000; Cash Balance is Rs.20,000, and other assets are realized Rs.2,00,000. Profit/Loss in the realization account will be

Option 1: 60,000 (Loss)

Option 2: 40,000 (Loss)

Option 3: 20,000 (Profit)

Option 4: 20,000 (Loss)