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3. Balance Sheet of A, B and C sharing profits in the ratio of 3: 2:1. is gra below:பாhheA's CapitalEs CapitalC: Capital100000| Enak400000 Detin200,000200000 La Pression forDoubtful Deats 3000150000|| Stak20000 Eumite60 pod MachineryZuilding1300 codEmployees' Porrident FundVedanta's Csapersatia Turd203.00030,0005,30,000300.00013,00 0000It was decided to admit Dinto partnership on the following terms andconditions:b) Non profit sharingratis betweA, B, Cand Dwill be 3:3:2:2.(n) Goodwill of the firm is valued at 3,00,000. D brings his share ofwodwill in cash. He abobrings 1,50,000 as his share of capital.CuijPratiam for óbubliul debts to be taken to 5% on debtors.(Wachinay terezalued at 5.60,000 and buildings at 3,67,000.Prepare Revaluation Account, Capital Accounts of Partners and the newBalance sheet[Ans. Profit on Revaluation" 30.000: Balance Sheet (Total) * 15.40.000.)(Hint: Sacrificing Ratio of A, B and C. A sacrificed 6/30; 81/30 while Cgained 1/30 and D gained 6/30. C'scapital Account will be debited with10000. D will bring premium for goodwill 60.000. Credit A's Capital60,000 and Bs 10,000. Capital Accounts of A: 5,05.000, B: 4.40 000:C: 2,05,000 and D: 1,50,000.)- |
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Answer» enakExplanation:DETIL nkevsnwiwhwbwj |
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