Question

7. X, Y and Z are partners in a firm in the ratio of 4:32. On firm's dissolution, firm's total assets are
Rs 70,000. Creditors are Rs 15,000. Realization expenses are Rs 2.100. Assets realized 15% more
than the book-value Creditors were paid 2% more For profit/ loss on realization, Y's capital Alc
will be debited/credited with:
(a) Credit R 8,100
(b) Credit2.700
(c) Debit 2,700
(d) Debit R 2.400
il
D.D.​

Answer 1

Answer:

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Answer 2

Explanation:

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