Mathematics · Partnership Accounts
A and B are equal partners. When the partnership is dissolved, their capital balances are ₹40,000 and ₹50,000 respectively. After all assets are sold and liabilities are paid, there is a cash balance of ₹80,000. What is the amount of profit or loss on realization?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹10,000 (Loss)✓
- 2₹30,000 (Profit)
- 3₹20,000 (Profit)
- 4₹10,000 (Profit)
Correct answer
₹10,000 (Loss)
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