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
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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
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