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

Related MCQ's