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