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
Answer: Option D
This Question Belongs to Commerce >> Business And Commerce
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