Question

creditors ₹60000 Bills payable ₹40000 and bank loan ₹ 20000. available bank balance is ₹ 40000.what will be the amount that creditors will get if all partners become insolvent​

Answer 1

Answer:

Hi friends

Explanation:

60000:40000:20000

6:4:2

3:2:1

81000×3/6=40500

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Answer 2

Ratio of creditors, Bills payable and Bank Loan = 30,000 10,000 10,000 i.e., 3:2:1

Amount received by creditors =

3

3+2+1

3

6

× 40,000

× 40,000

= € 20,000.