Question

X, Y an Z are partners sharing profits and losses in proportions of 5:3:2. Their

Balance sheet on 31-12-2015 as follows:

Liabilities Rs. Assets Rs.

Capitals:

X

Y

Z

75000

45000

30000

Plant

Land

Stock

Debtors

75000

80000

20000

47000

Creditors 60000

Y’s Loan 12000

222000 222000

On the above date, they decided to dissolve the firm and to repay the amount due to

partner as and when the assets were realized viz:

I Realisation 45000

II Realisation 100000

III Realisation 60000

Prepare the statement showing how the distribution should be made.​

Answer 1

Answer:

I don't know answer of this question.