The Balance Sheet of Ryan and Peter Firm as on December

question 50

Multiple Choice

The balance sheet of Ryan and Peter firm as on December 31,2017,is given below.

Ryan and Peter share profits in the ratio 3:2.They have decided to liquidate the partnership with immediate effect.The accounts payable were settled at $10,000 due to the poor financial condition of the partnership firm.As a result,Ryan's capital account will be credited by ________.

• A)$6,000
• B)$9,000
• C)$1,800
• D)$3,000

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