Question

Calculate estimated realisable value of an Asset. Bank overdraft Rs. 30,000 Bank overdraft is secured against Building. Building Value in the Balancesheet Rs.150,000 but revalued at the time of Liquidation Rs. 120,000

OA) Rs. 120,000

OB) Rs.90000

OC) Rs. 30,000

OD) Rs.150,000​

Answer 1

Answer:

OC) Rs. 30,000

Explanation:

Calculate estimated realisable value of an Asset. Bank overdraft Rs. 30,000 Bank overdraft is secured against Building. Building Value in the Balancesheet Rs.150,000 but revalued at the time of Liquidation Rs. 120,000

Answer OC) Rs. 30,000