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 ________.

Question

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 ________.

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The Answer of 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 ________.

The Balance Sheet of Ryan and Peter Firm as on December