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There are two partners X and Y in a firm...

There are two partners X and Y in a firm and their capitals are ₹ 50,000 and ₹ 40,000 . The creditors are ₹ 30,000 . The assets of the firm realise ₹ 1,00,000 . How much will X and Y receive ?

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X - ₹ 40,000 , Y- ₹ 30,000 .
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Knowledge Check

  • The liabilities of a firm are 3,000, the capital of the proprietor is 7,000. The total assets are :

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    ₹7,000.
    B
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    C
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    D
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