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A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2018, their Balance Sheet was as follows: The firm was dissolved on 31st March, 2018 and both the partners agreed to the following: (a) A took Investments at an agreed value of ₹ 8,000. He also agreed to settle Mrs. A’s Loan. (b) Other assets realised as : Stock – ₹ 5,000; Debtors – ₹ 18,500; Furniture – ₹ 4,500; Plant – ₹ 25,000. (c) Expenses of realisation came to ₹ 1,600. (d) Creditors agreed to accept ₹ 37,000 in full settlement of their claims. Prepare Realisation Account, Partners Capital Accounts and Bank Account. |
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Answer» come of POLITICS of social divisionsdepends on how the POLITICAL leaders raise THEDEMANDS of any community". EXPLAIN THESTATEMENT |
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