X Yand Z are partners in a firm in the ratio of 4 3 2 On firm rsquo s dissolution firm rsquo s total...........

X, Yand Z are partners in a firm in the ratio of 4 : 3 : 2. On firm’s dissolution, firm’s total assets are 7Rs70,000, creditors are Rs15,000. Realisation expenses are Rs2,100. Assets realised 15% more than the book-value. Creditors were . paid 2% more. For profit/loss on realisation, Fs capital account will be debited/credited with :

Credit Rs8,100

Credit Rs2,700

Debit Rs2,700

Debit Rs2,400

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Explanation:

- The firm's assets are initially valued at Rs70,000. However, they are realized at 15% more than the book value. This means the total realization from assets is Rs70,000 + 15% of Rs70,000 = Rs80,500.

- Creditors need to be paid Rs15,000 but are actually paid 2% more, so Rs15,000 + 2% of Rs15,000 = Rs15,300.

- Realisation expenses are Rs2,100.

- To calculate the profit on realization: Realized assets (Rs80,500) - Creditors paid (Rs15,300) - Realisation expenses (Rs2,100) - Original assets value (Rs70,000) = Rs13,100.

- The profit of Rs13,100 will be shared among partners X, Y, and Z in the ratio 4:3:2.

- Z's share in profit = (2/9) * Rs13,100 = Rs2,911.11 (approximately Rs2,700).

The correct option is Option:2, Credit Rs2,700.