A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partner's capitals were:
A - Rs. 10,000, B - Rs. 9,000 and C - Rs. 5,000, B's loan amounted to Rs. 3,000, and Sundry Creditors to Rs. 6,000.
Assets realisation and expenses were as under:
| Assets Realised | Expenses | |
| July | Rs. 5,300 | Rs. 500 |
| August | Rs. 3,600 | Rs. 200 |
| September | Rs. 4,500 | Rs. 300 |
| October | Rs. 4,500 | Rs. 200 |
In September B will receive:
A. Rs. 1,400
B. Rs. 1,467
C. Rs. 1,633
D. Rs. 1,933
Answer: Option D
This Question Belongs to Commerce >> Accounting
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