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Accounting System 18) som. Momu and Bholu were partners sharing profit and losses in the ratio of 3:21. Their Balance Sheet as on 31st March, 2020 was as follows 181 Balance Sheet as on 31st March, 2020 Liabilities 181 Imount Arets Amount Bank Loan Creditors Bills Payable Reserve Fund Capital Accounts 1.00.000 1.00.000 50.000 Furniture 40,000 Land & Building 10.000 Motor Car 60.000 Sundry Debtors Bills Receivable 1.80,000 Investments 1.20.000 Cash at Bank 60.000 5.20,000 Sonu 40.000 1.00.000 40.000 1.00.000 Monu Bholu 40.000 5.20,000 Sonu died on 31st August, 2020. The partnership deed provided that in the event of the death of partner, his executors be entitled to be paid out (1) The capital to his credit at the date of death. (2) His proportion of Reserve at the date of last Balance Sheet His proportion of Profits to date of death based on the average profits of the last four years (4) His share of Goodwill should be calculated at two years purchase of the profits of the last four years for the year ended 31st March were as follows 2017 80.000 2018 1.20,000 2019 1,40.000 2020 60.000 (5) Sonu has drawn 6,000 pm to date of death There is no increase decrease in the value of assets and liabilities. Prepare Sonu's Executors Alc |
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Answer» qघर में गैस खत्म होने के बाद इमरजेंसी में भी रोटियां पकाई जा सकती है |
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