Question : If creditors are Rs 25,000, capital is Rs 1,50,000 and cash balance is Rs 10,000. What will be the amount of Sundry assets?
Option 1: Rs 1,75,000
Option 2: Rs 1,65,000
Option 3: Rs 1,95,000
Option 4: None of the above
Correct Answer: Rs 1,65,000
Solution : Answer = Rs 1,65,000
Hence, the correct option is 2.
Question : If Creditors are Rs 25,000, capital is Rs 3,00,000, and cash balance is Rs 20,000. What will the amount of sundry assets be?
Question : On dissolution of a firm, its balance sheet revealed total creditors of Rs 50,000. Total capital Rs 48,000, Cash balance Rs 3000. Its assets were realized at rs 12% less. The loss on realization will be.
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