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22. A,B, C were partners in a firm sharing profits in the ratio of 3:21. Their balance sheet as on 31 March 2015 was asBalance SheetLiabilitiesAssets1,00,00040,00060,000CreditorsBills PayablesGeneral ReserveCapital A/CA 2,00,000B 1,00,00050,000LandBuildingPlantStockDebtorsBank1,00,0001,00,0002,00,00080,00060,00010,0003,50,0005,50,0005,50,000A,B And C decided to share the future profits equally w.e.f1" April, 2015. For this it was agreed thataf Goodwill of the firm be valued at 13,00,000b) Land be revalued at {1,60,000 and building be depreciated by 6%.c) Creditors of ? 12,000 were not likely to be claimed and hence be written off.Prepare Revolution W/c. Partners Capital Alc​

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