9. Raju and Sanju are partners sharing profits in the ratio 2:1 and their balance sheet on 31st March 2012 was as follows:LiabilitiesAmount in AssetsAmount in ₹1502,500CreditorsBills payableReserve fundRaju's loanCapitals:RajuSanju20,0005,0003,00010,000Cash in handBills receivableDebtors 30,000Less: RDD -1,500StockMachinery28,50021,85010,00015,00010,00063,00063,000They agreed to sell the business to a limited company and the company to take overthe assets including cash and liabilities as follows:Machinery at 8,000 ; stock at * 17,500; debtors at 25,350; Goodwill at 3000.The company agreed to takeover creditors at Rs 19,500 and the realization expensesamounted to Rs 150The firm received 20,000 of the purchase price in 10 fully paid equity shares andthe balance in cash. Prepare necessary ledger accounts and journal entries in thehooks of the firm.

9. Raju and Sanju are partners sharing profits in the ratio 2:1 and th

1.	9. Raju and Sanju are partners sharing profits in the ratio 2:1 and their balance sheet on 31st March 2012 was as follows:LiabilitiesAmount in AssetsAmount in ₹1502,500CreditorsBills payableReserve fundRaju's loanCapitals:RajuSanju20,0005,0003,00010,000Cash in handBills receivableDebtors 30,000Less: RDD -1,500StockMachinery28,50021,85010,00015,00010,00063,00063,000They agreed to sell the business to a limited company and the company to take overthe assets including cash and liabilities as follows:Machinery at 8,000 ; stock at * 17,500; debtors at 25,350; Goodwill at 3000.The company agreed to takeover creditors at Rs 19,500 and the realization expensesamounted to Rs 150The firm received 20,000 of the purchase price in 10 fully paid equity shares andthe balance in cash. Prepare necessary ledger accounts and journal entries in thehooks of the firm.
Answer» 300 rupeesExplanation:there is RATIO of RAJU and SANJU is is 2 1

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