Practicing Success
Based on following answer the question. Meena and Tina are partners in a firm and sharing profit as 3 : 2. They decided to dissolve their firm on March 31, 2017 when their Balance Sheet was as follows: Balance Sheet Meena and Tina as on March 31, 2017
The assets and liabilities were disposed off as follows: a. Machinery were given to creditors in full settlement of their account and stock were given to bills payable in full settlement |
The Book Value of remaining debtor realised is: |
₹ 51,000 ₹ 50,000 ₹ 48,000 ₹ 53,000 |
₹ 53,000 |
The correct answer is Option (4) - ₹ 53,000. Book value of debtors = ₹103000 |