13 Views

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


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 5th Jan, 2024

Correct Answer: Rs 93,800


Solution : Answer = Rs 93,800

Memorandum Balance Sheet
Capital balance 80,000 Sundry assets(b/f) 86,000
Creditor 12,000 Profit and loss 6,000
  92,000   92,000

Hence, the correct option is 4.

 

Related Questions

Amity University | M.Tech Adm...
Apply
Ranked amongst top 3% universities globally (QS Rankings).
Shoolini University Admission...
Apply
NAAC A+ Grade | Ranked No.1 Private University in India (QS World University Rankings 2025)
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Amity University Noida MBA Ad...
Apply
Amongst top 3% universities globally (QS Rankings)
Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024) | 40 crore+ scholarships distributed
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books