4. X, Y and Z are partners sharing profits and losses equally. Their capital balances on March, 31, 2012 are ₹80,000, ₹60,000 and ₹40,000 respectively. Their personal assets are worth as follows : X — ₹20,000, Y — ₹15,000 and Z —₹10,000. The extent of their liability in the firm would be : (C.S. Foundation;
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Answered by
22
Given : X,Y,Z are partners in the firm sharing profits & losses equally
To Find : liability of the firm
solution :
Let, total liability = x
Total capital balance = ( 80000 + 60000 + 40000 )
= 180000
Total personal assets of the firm = ( 20000 + 15000 + 10000 )
= 45000
we know, liability = capital - assets
X = 180000 - 45000
X = 135000
Therefore, X = 135000 = Liability
So, the final answer is 135000.
Answered by
6
Answer:
135000/=
x=20000/=, Y= 15000/= and z= 10000/=
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