(3) Creditors 60,000, Bills payable 40,000 and Bank loan 20,000.
Available bank balance is 40,000. What will be the amount that
creditors will get if all partners become insolvent?
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Answer:... Loan ₹ 10000. Available Bank Balance ₹ 40000 what will be the amount that creditors will get in case of all partner's insolvency. ... Ratio of creditors, Bills payable and Bank Loan = 30,000 : 10,000 : 10,000 i.e., 3 : 2 : 1. Amount received by
Explanation:
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