On dissolution of a firm, partners’ capital accounts balance was ₹63,000; creditors balance was ₹12,000 and profit & loss account debit balance was ₹6,000. Profit on realisation of assets was ₹7,800. Total amount realised from assets was:

🎲 Try a Random Question  |  Total Questions in Quiz: 69  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
MCQs for Dissolution of a Partnership — practice the complete quiz, review flashcards, or try a random question.


On dissolution of a firm, partners’ capital accounts balance was ₹63,000; creditors balance was ₹12,000 and profit & loss account debit balance was ₹6,000. Profit on realisation of assets was ₹7,800. Total amount realised from assets was:






ADVERTISEMENT