A, B and C are three partners with their capitals in the ratio 4:3:3. They decide to dissolve the partnership. The assets of the company are sold for Rs. 4,00,000 and liabilities (other than capital) of Rs. 60,000. They incur realisation expenses of Rs. 4,000. What is the amount that each partner gets as final settlement after dissolution?
Saturday, March 12, 2016
A, B and C are three partners with their capitals in the ratio 4:3:3.
Created by AMIN BUHARI