Question

1,20,000 - 8,000 x = y - 40,000
3,00,000 – 20,000 x = y + 80,000 Findout x value?​

Answer 1

Step-by-step explanation:

Total Assets= Rs. 100000

Total Creditors= Rs. 30000

Hence, Total Profit= Rs. (100000 - 30000)

= Rs. 70000

This profit is then divided among the partner's in their capital ratio.

X will receive= Rs. 40000

Y will receive= Rs. 30000