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P and q are partners sharing profit and losses in the ratio 3:2 Liabilities amount asset. Amount Creditors 12000. Furniture 18000 Bills payable 6000 Creditors are to be taken over (paid) by q And furniture is to be realised at 10% more than their book value . realisation gain/loss will be : A) realisation gain 1800 B) realisation loss 1800 C) realisation gain 7800 D) realisation loss 7800

Posted by Swastika Jain 9 months, 3 weeks ago

CBSE > Class 12 > Accountancy

3 answers

Siva Kalai 9 months, 3 weeks ago

According in very like subject

Preha Khanna 9 months, 3 weeks ago

realisation loss 1800

Radical Gamers 9 months, 3 weeks ago

Realisation gain 7800

ANSWER

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