Question

Gopal and Krishnan decided to dissolve their firm and convert it into a

Ltd. Company. Their assets were Rs. 2,00,000 and Trade Liabilities Rs.

90,000. Purchase Price is agreed at Rs. 3,00,000. Expenses amounted to

Rs.15,000, paid by the firm. Ascertain the profit or loss on realisation

account

225000 profit

280000 profit

175000 profit

193000 loss
​

Answer 1

Answer:

the question was not right