Question : On dissolution I of the firm sundry assets were Rs 2,34,000. Mohit took part of sundry assets at Rs 1,44,000 ( being 10% less than the book value ). Sita took the remaining sundry assets 80% of the book value. The realization account is to be credited with
Option 1: Rs 2,03,200
Option 2: Rs 2,16,000
Option 3: Rs 1,44,000
Option 4: Rs 84,000
Answer (1)
21st Jan, 2024
Correct Answer: Rs 2,03,200
Solution :
Answer =
Rs 2,03,200
Mohit's capital a/c.....Dr 1,44,000(Book value 1,60,000)
Sita's capital a/c.......Dr 59,200
To Realisation a/c 2,03,200
Hence, the correct option is 1.
Comments (0)
