Question : On dissolution of a firm, its balance sheet revealed total creditors of Rs 50,000. Total capital Rs 48,000, Cash balance Rs 3000. Its assets were realized at rs 12% less. The loss on realization will be.

Option 1: Rs 12,400

Option 2: Rs 11,400

Option 3: Rs 10,000

Option 4: None of the above.

Question : On dissolution of a firm, its Balance Sheet revealed total creditors of Rs.50,000; Total Capital of Rs.48,000; Cash Balance of Rs.3,000. Its assets were realized at 12% less. What will be the loss on realisation?

Option 1: Rs.11,600

Option 2: Rs.11,500

Option 3: Rs.11,400

Option 4: Rs.15,400

Question : On dissolution of a firm, its Balance Sheet revealed total creditors Rs.50,000; Total Capital Rs.48,000; Cash Balance Rs.3,000. Its assets were realised at 12% less. Loss on realisation will be _________.

Option 1: Rs.11,800

Option 2: Rs.6,000

Option 3: Rs.11,400

Option 4: Rs.5,600

Question : On dissolution of a firm, its Balance Sheet revealed total creditors Rs.50,000; Total Capital Rs.48,000; Cash Balance Rs.3,000. Its assets were realised at 12% less. Loss on realisation will be ________.

Option 1: Rs.6,000

Option 2: Rs.11,400

Option 3: Rs.11,790

Option 4: Rs.3,600

Question : On dissolution of a firm, its balance sheet revealed capital of Rs 5,00,000. General reserve Rs 2,00,000, creditors Rs 1,00,000 and cash balance Rs 20,000. Assets realized at 60%. What will be the loss on realization?

Option 1: 3,24,000

Option 2: 3,00,000

Option 3: 3,12,000

Option 4: None of the above.