The assets and liabilities of a firm were Rs. 40000 and Rs. 30000 respectively on 31st December, 2002. The firm was dissolved and the creditors were paid 60 paise to a rupee. Assuming all the liabilities are creditors, how much money did the creditors lose?

1
Rs. 10000
2
Rs. 12000
3
Rs. 18000
4
More than one of the above
5
None of the above

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation