The balance sheet of Ryan and Peter firm as at 30 June 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 $11,000 due to the poor financial condition of the partnership firm.As a result,Ryan's capital account will be credited by:
A) $1800.
B) $9000.
C) $6600.
D) $3000.
Correct Answer:
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