At the time of dissolution of partnership firm, debtors were realised at a discount of 5% (Book value was ₹48,000). Amount realised at the time of dissolution was-

₹45,600

The correct answer is Option (4) → ₹45,600.

Book value = ₹48,000

Debtors were realised at a discount of 5%
Realisation will be = 95%

Realisation amount = 48,000 x 95/100
                            = 45,600