On dissolution of a firm, its Balance Sheet revealed capital Rs. 5,00,000; General Reserve Rs. 2,00,000, Creditors Rs. 1,00,000 and cash balance Rs. 20,000. Assets were realised at 60%. What will be loss on realisation? Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 3,12,000 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf opening capitals of partners are A Rs. 2,00,000, B Rs. 3,00,000 and C Rs. 4,00,000 and their drawings during the year are A Rs. 3,000 per month, B Rs. 4,000 per month and C Rs. 5,000 per month and creditors are Rs. 80,000, what will be the amount of assets of the firm? Next PostOn the basis of the following data how much final payment will be made to a partner on firm’s dissolution? Credit balance of Capital Account Rs. 50,000; Share of loss on realisation Rs. 10,000; Firm’s liability taken over by him for Rs. 8,000. You Might Also Like Give two circumstances in which the Gaining Ratio is computed. October 8, 2022 What will be the impact of ‘Cash paid to Trade Payables’ on a Current ratio of 8: 1? State with reason. October 3, 2022 For which share of goodwill a partner is entitled at the time of his retirement? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What will be the impact of ‘Cash paid to Trade Payables’ on a Current ratio of 8: 1? State with reason. October 3, 2022
