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 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 firm dissolution -

Credit balance of capital account of the partner was Rs.50,000. 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.1,32,000

Option 3: Rs.52,000

Option 4: Rs.40,000

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 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.