Question

A merchant became insolvent his total assets were ₹7500 & his liabilities rs.6500 and the estimated deficiency ₹2000 before taking the following items in to consideration.
(a) interest on capital of rs.150 for 1 year at 5%p.a
(B) liability on bills Discounted rs.300 on bills Discounted by him rs.800
(C) outstanding expenses for wages etc to be treated as preferential rs.240
(D) loan from a friend rs.500 and a loan from his wife rs.200
Prepare statement of affairs and deficiency a/ c.

Answer 1

अमर सिंह का जीवन एसे 2 वर्ड इन द 7500 हिल्स इन द अर्थ