Which of the following is correct profit or loss in case the amount received from the sale of assets is ₹ 50,000, total assets is ₹ 60,000, total liabilities ₹ 20,000 and realisation expenses ₹ 2,000 ?
A. ₹ 12,000 Loss
B. ₹ 32,000 Profit
C. ₹ 30,000 Loss
D. ₹ 12,000 Profit
Answer:A
Which of the following is correct profit or loss in case the amount received from the sale of assets is ₹ 50,000, total assets is ₹ 60,000, total liabilities ₹ 20,000 and realisation expenses ₹ 2,000 ?
A. ₹ 12,000 Loss B. ₹ 32,000 Profit C. ₹ 30,000 Loss D. ₹ 12,000 Profit