At the time of dissolution of a firm , Creditors are Rs,70,000 ,Partners ' Capital is Rs, 1,20,000 , Cash Balance is Rs, 10,000 Other assets realised Rs, 1,50,000 Profit /Loss in the Realisation acccount Will be :

Options

A. Rs, 64,000 (Loss)
B. Rs,80,000(Profit)
C. Rs,40,000 (Loss)
D. Rs,30,000(Loss)

Answer

D