Quote:
Originally Posted by haadiya
2012
Q#6 (A)
George =Rs 90000
Stewart= Rs 45000
Thomas= Rs. 15000
Creditors of stewart only get Rs 45000
(B)
Andrew get Rs 24000
Andrew’s loss = 1000
Carrol get Rs 8000
Carrol’s loss = 2000
Murrey get 8000
Murrey’s profit Rs 5000
Carrol is most vulnerable to loss
plz aspirants check am i right..?
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not match with part A answer.
its,
Creditors of stewart get 31500(105000/10*3)
George =Rs 63000(105000/10*6)
Stewart= Rs 31500(105000/10*3)
Thomas= Rs. 10500(105000/10*1)
tota assets sold on 105000.