Multiple choice

A partnership has two partners. The firm has total assets of Rs. 25 lakh and liabilities of Rs. 10 lakh. Partner B has assets of Rs. 10 lakh and liabilities of Rs. 12 lakh. The creditors of the firm will be able to realise what percent of their dues from the firm?

  1. 62.5%

  2. 60%

  3. 75%

  4. 100%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The creditors of the firm will be able to realise 75% of their dues from the firm.