mgt101 helpo require

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GMT - 3 Hours mgt101 helpo require

Post by ~lonely princess~ on Wed Jul 13, 2011 7:02 am

A, B, C are partners. Their profit sharing ratio is equal. Capital balance on July 1st of Partner A --- Rs. 40,000 Partner B --- Rs. 30,000 and Partner C--- Rs. 20,000. Their private property of Partner A is Rs. 5,000, Partner B is Rs. 2,000 and Partner C is Rs. 1,000. What is the extent of their liability of their firm?
Select correct option:

Partner A—Rs. 40,000, Partner B---- Rs. 30,000, Partner C – 20,000
Partner A—Rs. 40,000, Partner B---- Rs. 30,000, Partner C – 21,500
Partner A—Rs. 40,000, Partner B---- Rs. 32,000, Partner C – 20,000
Partner A—Rs. 45,000, Partner B---- Rs. 32,000, Partner C – 21,000

tell me which one is correct and how to calculate...

with best regards
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~lonely princess~
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