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Home Questions 8YUWYH864T
Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:
On dissolution of a firm, its Balance Sheet revealed total creditors Rs50,000; Total Capital Rs48,000; Cash Balance Rs3,000. Its assets were realised at 12% less. Total value of assets realised is.........
Options:
₹75200
₹82500
₹83600
₹95000
Correct Answer:
₹83600
Explanation:
Amount of Realisation of assets= (Creditors+Total Capital-cash) *88%
= (50,000+48,000-3000)*88/100 =95000*88/100 =83,600

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