Question

In a piecemeal distribution on
dissolution of a firm the
following realisations were
made: May Rs. 35,000 expenses
of realisation Rs. 500. June Rs.
34,000, August Rs. 18.000
expenses of realisation Rs. 600
September Rs. 40,000 it was
decided to keep minimum cash
balance of Rs. 2,000 in first three
months and Rs.1,000 there
after. Then the cash available for
first distribution is:​

Answer 1

Answer:

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