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If total assets areRs, 2,00,000 total ...

If total assets areRs, 2,00,000 total liabilities are Rs, 40,000 amount realised on sale of assets is Rs, 1,75,000 and realisation expenses are Rs, 3,000 , the profit or loss on realisation will be:

A

Profit Rs,12,000

B

Loss Rs,68,000

C

Loss Rs,28,000

D

Loss Rs,25,000

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The correct Answer is:
C
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. ……………is prepared at the time of dissolution :

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  2. While transferring assets to realisation account ………………. Is omitte...

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  3. If total assets areRs, 2,00,000 total liabilities are Rs, 40,000 amo...

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  4. On dissolution of a firm , debtors were Rs. 17,000 Of these Rs, ...

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  5. In the Balance sheet Total debtors appear at Rs.50,000 and Prov...

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  6. How much amount will be paid to creditors for Rs, 25,000 if Rs, ...

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  7. P, a partner , is to bear all expenses of realisation for which he...

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  8. How much amount will be paid to A , If his opening capital is ...

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  9. Investments valued Rs, 2,00,000 were not shown in the books One o...

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  10. If creditors are Rs, 25,000 ,Capital is Rs, 1,50,000 and cash bala...

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  11. If opening capital of partners are A Rs, 3,00,000 ,B Rs, 2,00,000 a...

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  12. If total assets of a firm Are Rs, 12,00,000 and total libilities ar...

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  13. On dissolution of a firm , a partner's capital account has a cred...

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  14. On dissolution of a firm a partner took over Rs, 17,000 investment...

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  15. On dissolution of firm , which item is debited to the realisation...

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  16. At the time of dissolution of a firm , Creditors are Rs,70,000 ,P...

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  17. On dissolution of a firm , Debtors Rs, 17,000 were shown in the Bal...

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  18. X,Y,and Z are partners in a firm in the ratio of 4:3:2 Om firm '...

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  19. On dissolution of a firm , firm's Balance sheet total is Rs, 77,0...

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  20. On dissolution of a firm , partners' Capital accounts balance was ...

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