Read the following information and answer the following question.

X & Y are partners sharing profits and losses in the ratio 4:3. They decide to dissolve the firm. On the date of dissolution following information is available-
X's Capital = ₹1,25,030
Y's Capital = ₹2,070
Creditors = ₹23,150
Cash = ₹4,520.
Remaining assets realised at ₹1,24,910 and the dissolution expenses are ₹1,860. Both Partners are solvent.

What is the amount of assets as on date of dissolution?

₹1,45,730

The correct answer is option 2- ₹1,45,730.

Assets = Creditors + capital - cash
            = 23,150 + 1,25,030 + 2,070 - 4,520
            = ₹1,45,730