Question : On dissolution of a firm, partners' capital accounts balance was Rs. 80,000 creditors balance was Rs. 12,000 and profit and loss account debit balance was Rs. 6,000. Profit on the realisation of assets was Rs. 7,800. The total amount realised from assets was :
Option 1: Rs 81,000
Option 2: Rs 76,800
Option 3: Rs 70,800
Option 4: Rs 93,800
Correct Answer: Rs 93,800
Solution : Answer = Rs 93,800
Hence, the correct option is 4.
Question : On the dissolution of a firm, the partners' capital accounts balance was Rs 63,000; the creditor's balance was Rs 12,000 and the profit & loss account debit balance was Rs 7,500. Profit on the realisation of assets was Rs 7,800. The total amount realised from assets was______.
Option 1: Rs 67,500
Option 2: Rs 75,000
Option 3: Rs 75,300
Option 4: Rs 82,500
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
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