Question

If total assets are ₹2,00,000; total liabilities are ₹40,000; amount realised on sale of assets is ₹1,75,000 and realisation expenses are ₹3,000, the profit or loss on realisation will be? ​

Answer 1

QUESTION:

If total assets areRs, 2,00,000 total liabilities are Rs, 40,000 amount realised on sale of assets is Rs, 1,75,000 and realisation expenses are Rs, 3,000 , the profit or loss on realisation will be:

ANSWER:

Profit Rs,12,000

Profit Rs,12,000Loss Rs,68,000

Profit Rs,12,000Loss Rs,68,000Loss Rs,28,000

Profit Rs,12,000Loss Rs,68,000Loss Rs,28,000Loss Rs,25,000

Profit Rs,12,000Loss Rs,68,000Loss Rs,28,000Loss Rs,25,000Answer :

Profit Rs,12,000Loss Rs,68,000Loss Rs,28,000Loss Rs,25,000Answer : C