1.

Abhay, Vijay and Sanjay were partners in a partnership. They were sharing profits and losses in the ratio 2:2:1 respectively. Their Balance sheet was as follows: (10) Balance sheet as on 31st March, 2011 Liabilities ` Assets ` Sundry Creditors Bills Payable Bank Overdraft Abhay’s Loan General Reserve Capital A/c Abhay Vijay 20,000 5,000 15,000 8,000 10,000 50,000 50,000 Cash in hand Debtors 20,000 Less: R.D.D. (2,000) Stock Machinery Furniture Building Sanjay’s Capital 10,000 18,000 12,000 30,000 2,000 80,000 6,000 1,58,000 1,58,000

Answer»

vcufxhchc185246875680'-६52508Explanation:85258558528851774477446=639954



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