# Calculate the following:

1) Vinod, Vijay, and Vishal are partners in a firm, sharing profit & Losses in the ratio 3:2:1. Vishal becomes insolvent and his capital deficiency is  6,000. Distribute the capital deficiency among the solvent partners.
SOLUTION
Here, capital deficiency of ₹ 6000 is to be distributed among continuing partners in their profit and loss sharing ratio. i.e. 3:2
Share of deficiency for Vinod = 6,000 x3/5 = ₹ 3,600
Share of deficiency for Vijay = 6,000 ×2/5 = ₹ 2,400
Vinod and Vijay will bear ₹ 3,600 and ₹ 2,400 of Vishal’s capital deficiency.

2) Creditors  30,000, Bills Payable  20,000 and Bank Loan  10,000. Available Bank Balance  40,000 what will be the amount that creditors will get in case of all partner’s insolvency.
SOLUTION
Ratio of creditors, Bills payable and Bank Loan = 30,000: 10,000: 10,000 i.e., 3: 2: 1
Amount received by creditors = 3/ (3+2+1) ×40000
= 3/6×40000
= ₹ 20,000.

3) Insolvent Partner Capital A/c debit side total is  10,000 and the credit side total is ₹ 6,000. Calculate deficiency.
SOLUTION
Deficiency of insolvent partner
= Debit side total – Credit side total
= 10,000 – 6,000
= ₹ 4,000.

4) Insolvent partners’ capital A/c Debit side is  15,000 & insolvent partner brought cash  6,000. Calculate the amount of Insolvency Loss to be distributed among the solvent partners.
SOLUTION
₹ 9,000 (15,000 – 6,000) is the amount of insolvency loss to be distributed among the solvent partners.

5) Realisation profit of a firm is  6,000, partners share Profit & Loss in the ratio of 3: 2: 1. Calculate the amount of Realisation Profit to be credited to Partners Capital A/c.
SOLUTION
Distribution of ₹ 6,000 in 3: 2: 1 ratio
6000 × 3/6 = ₹ 3,000
6000 × 2/6 = ₹ 2000
6000 × 1/6 = ₹ 1000
Amount of realisation profit ₹ 3,000, ₹ 2,000 and ₹ 1,000 is to be credited to Partner’s Capital A/c respectively.