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216 425.Extracted fromD. 31 Dec 1994118BTSBAO7500125wallowingtrlal balanceDE M.RabuelpoticosFornituote 6 stingsMotor vehicles.buildingscapital AlcBad debts.Dulevision for baddestaSunday debtors.creditor3.800Slock Tan 19913,460Durchases & sales.519515,450Bank overdraft2850Sales & puchar returnIpoprepare trading and profit & los Alc forbalance sheetthe year ending 31.10. 1994 and athat dateAdvertisingInterest AccountConomiescashTaxes and insuranceGeneral ExpensesSalaries3, 300Adjustment in stock in hand on 31.12.1994 was Rs. 3,2501. De pareciate building @ 54:building @ 5t qurniture &e tittings104. and Motor vehiclesin Rs. 85 is dueinterest on bank overdraftiv. Salary Rs.300 & taxes. Rs. 120 are outstandingv vi Insurance amounting to Rsbounting to Rs.100 is prepaidvi. one-third of the comminah receivedis inrespectof wolledone next yearvii. Kerite off further stor as bad debts {provisorfor bad debtsis to be made equal 5-6 on sundry denterUSGA |
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Answer» NET profit of the firm is DIVIDED as follows: 1/2 to A, 1/3 to B and 1/6 carried to a Reserve. They ADMIT C as a partner on 1st April, 2019 on which date, the Balance Sheet of the firm ... net profit of the firm is divided as follows: 1/2 to A, 1/3 to B and 1/6 carried to a Reserve. They admit C as a partner on 1st April, 2019 on which date, the Balance Sheet of the firm ... |
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