Question : Peter and Harry, who were partners sharing profits and losses in the proportion of 4 / 7 and 3 / 7 respectively, decided to dissolve the partnership firm as of 31st March 2020. On the date of the dissolution, Peter's Capital was Rs. 1,25,030 and Harry's Capital was Rs. 2,070. Creditors amounted to Rs. 23,150 and Cash Rs. 4,520. The remaining assets realised Rs. 1,24,910 and the expenses of dissolution were Rs. 1,860. Both partners were solvent.
Question:
The loss on realization___________.

Option 1: Rs 22,680

Option 2: Rs 22,620

Option 3: Rs 22,000

Option 4: None of the above

Question : A, B and C were partners sharing profits in the ratio of 5:3:2. On 31st March, 2020, A's Capital and B's Capital were Rs. 30,000 and Rs. 20,000 respectively but C owed Rs. 5,000 to the firm. The liabilities were Rs. 20,000 .
Question:
The assets of the firm is____________.

Option 1: Rs 70,000

Option 2: Rs 75,000

Option 3: Rs 65,000

Option 4: None of the above

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 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 : X, Y and Z are partners in a firm in the ratio of 4: 3: 2. On the firm's dissolution, the firm's total assets are Rs.4,00,000, and creditors are Rs.20,000. Realisation expenses are Rs.2,000. Assets realised 15% more than the book value. Creditors were paid 2% more. For-profit/loss on realisation, Y's capital account will be debited/credited with

Option 1: Credited Rs 8,100

Option 2: Debited Rs 19,200

Option 3: Credited Rs 19,200

Option 4: None of the above