On dissolution of a firm, partner's capital accounts balance was ₹63,000; creditors balance was ₹12,000 and profit & loss account debit balance was ₹6,000. Profit on realisation of assets was ₹7,800. Total amount realised from assets was: |
₹81,000 ₹76,800 ₹70,800 ₹80,100 |
₹76,800 |
The correct answer is option 2- ₹76,800. Total Liabilities = 63,000 + 12,000 - 6,000 Total Assets = Total Liabilities Total Assets = 69,000 Profit on realisation of assets = 7,800 Assets Realised = 69,000 + 7,800 |