Question

6.
A, B and Care partners in a firm and divide profits and losses in the ratio of 3:2:1. Partnership is dissolved
on 31st March, 2016. Following is the Balance Sheet of the firm on this date:
₹
₹
Creditors
10,000 Cash
2.000
As Loan
3,000 Debtors
21,000
B's Loan
2,000 Stock
8,000
Capitals :
А
10,000
B
5,000
C
1,000 16,000
31,000
31,000
It was agreed that net realisation will be distributed at the end of each month in the same order in which
realisation are made. The realisation and expenses are as follows:
Debtors
Stock
Expenses
₹
₹
₹
April
4,000
2,000
500
May
5,000
500
250
June
4,500
4,000
500
July
5,000
500
200
August
1,000
1,500
250
The stock is completely sold off, but remaining debtors were taken over by 'C' for 300. Show the distribution
of cash.
ATA 1. D.​

Answer 1

Answer:

b) 0.07049 correct to 2 significant figure