On the Dissolution of a firm Assets were of Rs.58, 500 X one of the took some assets at 36,000 which was 10% less then Book Value took remaining assets at 80% of book value. Realisation account is to be credited with (a) Rs.54,000 (b) Rs .42,000 (c) Rs.36,000 (d) Rs.50, 800

On the Dissolution of a firm Assets were of Rs.58, 500 X one of the took some assets at 36,000 which was 10% less then Book Value took remaining assets at 80% of book value. Realisation account is to be credited with (a) Rs.54,000 (b) Rs .42,000 (c) Rs.36,000 (d) Rs.50, 800

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Description: On the Dissolution of a firm Assets were of Rs.58, 500 X one of the took some assets at 36,000 which was 10% less thenBook Value took remaining assets at 80% of book value .Realisation account is to be credited with (a) Rs.54,000 (b) Rs42,000 (c) Rs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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