1 X and Y were in partnership sharing profits and losses in the ratio of 2 : 1. They agreed to dissolve their partnership.
At 30 September, their capitals were X $172 000 and Y $99 500.
During October they made a trading profit of $19 500, before selling all their net assets for
$285 000, less legal costs of $3000.
How much does each partner receive on the dissolution?
|
|
X
$
|
Y
$
|
|
A
|
166 000
|
96 500
|
|
B
|
179 000
|
103 000
|
|
C
|
183 000
|
105 000
|
|
D
|
191 000
|
109 000
|
