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A, B and C were partners sharing profits in the ratio of 2 : 2 : 1. They decided to dissolve their firm on 31st March, 2018 when the Balance Sheet was: Following transactions took place: (a) A took over Stock at ₹ 36,000. He also took over his wife’s loan. (b) B took over half of Debtors at ₹ 28,000. (c) C took over Investments at ₹ 54,000 and half of Creditors at their book value. (d) Remaining Debtors realised 60% of their book value. Furniture sold for ₹ 30,000; Machinery ₹ 82,000 and Land ₹ 1,20,000. (e) An unrecorded asset was sold for ₹ 22,000. (f) Realisation expenses amounted to ₹ 4,000. Prepare necessary Ledger Accounts to close the books of the firm. |
| Answer» COME of politics of social divisionsdepends on how the POLITICAL leaders RAISE THEDEMANDS of any community". EXPLAIN thestatement | |