The firm was broken down, The firm was broken down on this

The firm was broken down

Reference no: EM13906633

n 31st March, 2011 the accompanying was the asset report of A, B and C who shared benefits and misfortunes in the proportion of 2:1:1 separately.

The firm was broken down on this date because of C's indebtedness. Resources acknowledged Rs. 32,000. Costs of disintegration came to Rs. 200. C's bequest paid half of what was because of C. Close the books of the firm expecting that the misfortune because of bankruptcy has been partitioned:

(i) in the proportion of fixed capitals.

(ii) in the proportion of fluctuating capitals.

Reference no: EM13906633

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