If 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.

If 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.

Post category:Accountancy
Reading time:1 mins read

SOLUTION

P Rs. 1,60,000;
Q Rs. 3,20,000;
R Rs. 4,80,000

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