If opening capitals of partners are A Rs. 3,00,000, B Rs. 2,00,000 and C Rs. 1,00,000 and their drawings during the year are A Rs. 50,000, B Rs. 40,000 and C Rs. 30,000 and creditors are Rs. 60,000, what will be the amount of assets of the firm? Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 5,40,000 Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf creditors are Rs. 25,000, capital is Rs. 1,50,000 and cash balance is Rs. 10,000, what will be the amount of sundry assets? Next PostIf total assets of a firm are Rs. 12,00,000 and total liabilities are Rs. 2,40,000, what will the capitals of P, Q and R if they share profits in the ratio of their capitals and profit-sharing ratio is 1: 2: 3. You Might Also Like What is meant by fixed capital of partners? September 23, 2022 Give two circumstances under which a partnership firm is dissolved. September 27, 2022 Inventory turnover ratio of a Company is 3 times. State, giving reason, whether the ratio improves, declines or does not alter because of purchase of goods for Rs. 10,000. October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.