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

Answer:

Profit Rs,12,000

Loss Rs,68,000

Loss Rs,28,000

Loss Rs,25,000

Answer :

C