Q583
On 31st December, 2002 the assets and liabilities of a firm were Rs. 40,000 and Rs. 30,000 respectively. The firm was dissolved and a dividend of 60 paise in a rupee was paid to the creditors. What was the loss on realisation:
A.
Rs. 10,000
B.
Rs. 12,000
C.
Rs. 18,000
D.
Rs. 22,000
AnswerAnswer: Option D
Solution
Answer: Option D
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