There are two partners X and Y in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will X and Y receive?

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Solution

Total Assets= Rs. 100000
Total Creditors= Rs. 30000
Hence, Total Profit= Rs. (100000 - 30000)
= Rs. 70000
This profit is then divided among the partner's in their capital ratio.
X will receive= Rs. 40000
Y will receive= Rs. 30000

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There are two partners X and Y in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will X and Y receive?

Total Assets= Rs. 100000Total Creditors= Rs. 30000Hence, Total Profit= Rs. (100000 - 30000) = Rs. 70000This profit is then divided among the partner's in their capital ratio. X will receive= Rs. 40000Y will receive= Rs. 30000

Total Assets= Rs. 100000
Total Creditors= Rs. 30000
Hence, Total Profit= Rs. (100000 - 30000)
= Rs. 70000
This profit is then divided among the partner's in their capital ratio.
X will receive= Rs. 40000
Y will receive= Rs. 30000