- 05/19/2019 at 4:37 am #899087EduGorillaKeymasterSelect Question Language :
Manik and Naman share the profits equally. They decided to dissolve their firm. Their liabilities were: Manik’s Capital ₹25,000; Naman’s Capital ₹30,000; Creditors ₹12,500; Bills payable ₹7,500; Assets of the firm realized ₹1, 00,000. Balance of cash/bank was nil in balance sheet. Find out profit on realisation.
Post your Training /Course EnquiryAre You looking institutes / coaching center for
- IIT-JEE, NEET, CAT
- Bank PO, SSC, Railways
- Study Abroad