If total assets of a firm are Rs. 6,00,000 and total liabilities are Rs. 1,80,000, what will the capitals of P, Q and R if they share profits in the ratio of their capitals and profit-sharing ratio is 5: 4: 3.

If total assets of a firm are Rs. 6,00,000 and total liabilities are Rs. 1,80,000, what will the capitals of P, Q and R if they share profits in the ratio of their capitals and profit-sharing ratio is 5: 4: 3.

Post category:Accountancy
Reading time:1 mins read

SOLUTION

P Rs. 1.75,000;
Q Rs. 1,40,000;
R Rs. 1,05,000

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