Comprehension:Read the financial details from the preceding text carefully.What is the total amount realized from the sale/disposal of assets that will be debited to the Bank Account?
- A₹
- B₹
- C₹
- D₹
Solution & Step-by-step Explanation
To find the total amount debited to the Bank Account from asset realizations, we sum up only those items that were sold for cash/bank inflows (excluding assets taken over by partners):Realized from Debtors = ₹ Realized from Buildings = ₹ Realized from Goodwill = ₹ Realized from Sale of remaining Investments = ₹ Note: Stock (taken by Ashwani), half investments (taken by Bharat), and the unrecorded typewriter (taken by Bharat) do not bring cash into the bank account.