Correct option is B
Value of Furniture Taken over by creditors = ₹70,000×80%=₹56,000
Amount of Creditors Left = ₹1,00,000-₹56,000=₹44,000
Balance Creditors paid= ₹44,000×90/100=₹39,600
Value of Furniture Taken over by creditors = ₹70,000×80%=₹56,000
Amount of Creditors Left = ₹1,00,000-₹56,000=₹44,000
Balance Creditors paid= ₹44,000×90/100=₹39,600
Calculate Trade Receivables Turnover Ratio.
What is the mode of dissolution of the firm followed by G, K and B ?