An unrecorded asset was valued at Rs1 00 000 On firm rsquo s dissolution it was sold for 52 Realisat...........

An unrecorded asset was valued at Rs1,00,000. On firm’s dissolution, it was sold for 52%. Realisation account will be credited with :

Rs52,000

Rs48,000

Rs1,00,000

None of the Above

- On the firm's dissolution, when an unrecorded asset is sold, the proceeds are credited to the Realisation Account.

- The asset's initial valuation was Rs1,00,000.

- It was sold for 52% of its value.

- Selling Price = 52% of Rs1,00,000 = Rs52,000.

- Therefore, the Realisation Account is credited with Rs52,000.

Option:1 - Rs52,000

- Correct. Proceeds from the sale of the asset are credited to the Realisation Account.

Option:2 - Rs48,000

- Incorrect. This amount represents the loss on the asset, not the sale proceeds.

Option:3 - Rs1,00,000

- Incorrect. This is the asset's original value, not the sale proceeds.

Option:4 - None of the Above

- Incorrect. Option:1 is correct.

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