X Y and Z are partners sharing profits and losses equally Their capital balances on March 31 2012 ar...........

X, Y and Z are partners sharing profits and losses equally. Their capital balances on March, 31, 2012 are ?80,000, ?60,000 and ?40,000 respectively. Their personal assets are worth as follows : X — ?20,000, Y — ?15,000 and Z — ?10,000. The extent of their liability in the firm would be :

X — ?80,000 : Y — ?60,000 : and Z — ?40,000

X — ?20,000 : Y — ?15,000 : and Z — ?10,000