Question : On the basis of the following data, how much final payment will be made to a partner on firm’s dissolution?
The credit balance of Capital Account of the partner was Rs.50,000. The share of loss on realisation amounted to Rs.10,000.
Firm’s liability taken over by him was for Rs.8,000.

Option 1: Rs.48,000

Option 2: Rs.32,000

Option 3: Rs.40,000

Option 4: Rs.52,000

Question : On the basis of the following data, how much final payment will be made to a partner on the firm's dissolution?

The credit balance of the capital account is Rs 50,000. Share of loss on realization Rs 10,000. The firm's liability was taken over by him for Rs 8000.

Option 1: Rs 48,000

Option 2: Rs 68,000

Option 3: Rs 38,000

Option 4: None of the above

Question : On the basis of the following data, how much final payment will be made to a partner on the firm's dissolution?

The credit balance of the capital account is Rs 50,000. Share of loss on realization Rs 10,000. The firm's liability was taken over by him for Rs 8000.

Option 1: Rs 48,000

Option 2: Rs 68,000

Option 3: Rs 38,000

Option 4: None of the above

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