On dissolution of a firm, its Balance Sheet revealed total creditors Rs. 50,000; Total Capital Rs. 48,000; Cash Balance Rs. 3,000. Its assets were realised at 12% less. What will be loss on realisation? Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 11 ,400 Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn dissolution of the firm, partner A demands that his loan of Rs. 1,00,000 should be paid before, payment of Capitals of the partners, whereas partners B and C demand that Capitals should be paid before the payment of A’ s loan. State the order of payment. Next PostOn dissolution of a firm, Sundry Creditors amounted to Rs. 8,000. These were paid at a discount of 5%. What entry will he passed? You Might Also Like Following figures have been extracted from Shivalika Mills Ltd :- Inventory in the beginning of the year Rs. 60,000. Inventory at the end of the year Rs. 1,00,000. Inventory Turnover Ratio 8 times. Selling price 25% above cost. Compute amount of Gross Profit and Revenue from Operations (Net Sales). August 13, 2022 What is Sacrificing Ratio? September 26, 2022 Name any one line item that can be shown under the major heading “Assets” in a Company’s Balance Sheet. September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.