X, Y & Z are partners in a partnership firm. They decided to dissolve the firm for which firm borne the realisation expenses of ₹20,000. On the date of dissolution following information is available-

X's Capital = ₹5,00,000
Y's Capital = ₹5,00,000
Z's Capital = ₹3,00,000
Creditors = ₹2,00,000
Cash = ₹3,00,000
Profit and loss credit balance = ₹1,50,000
Loan to Y = ₹1,00,000
Land & building = ₹8,00,000
Investments = ₹2,00,000
Debtors = ₹1,00,000
Stock = ₹1,50,000

ADDITIONAL INFORMATION-

• Land & building sold at a profit of 12.5%.
• Debtors are realised at ₹90,000 whereas stock is realised at ₹1,40,000.
• X take over the investments for ₹1,90,000.
• All the creditors are paid by the firm on which firm got discount of 5%.

How much amount is realised from the assets?

₹11,30,000

The correct answer is option 1- ₹11,30,000

Land and building realised value = 9,00,000
Debtors realised = 90,000
Stock = 1,40,000
Total realised value = 9,00,000 + 90,000 + 1,40,000
                               = ₹11,30,000