Ans New Prag Sharing Ratio 5:3:2. Capital of A1,00,000, Capital of B 46 Babalsland Ramlal are in partnership sharing profits and losses in the ratio of 3:2 TheBalance Sheet en 31st December, 2015 stood as follows:LibilitiesCapital Alc:BabolalRamal3.000134hy7.000CashDebtors10.000 Stock1,600 Investment1.400 Building2,00015,00018703,0805,750ReserveBank Loan15.000Oa 1.1.2019, they agree to take Premlal into partnership giving him 175th share of profit on thefollowing terms:tre goodwill of the firm is to be valued at two years purchase calculated on twice theaverage profit of last three years which amounted to * 4,000, * 3,000 and 5,000.b) Premlal brings his share of Goodwill in cash which is retained in the business.(e) Premlal also brings in capital in proportion to his profit-sharing arrangements.Pass necessary Journal entries to give effect to the above arrangements and prepare newBalance Sheet of the firm.(JAC., 2015of Godwill * 1.600; (b) Total Capital of the New Firm 16,250;noin 6100 Total Rs

Ans New Prag Sharing Ratio 5:3:2. Capital of A1,00,000, Capital of B

1.	Ans New Prag Sharing Ratio 5:3:2. Capital of A1,00,000, Capital of B 46 Babalsland Ramlal are in partnership sharing profits and losses in the ratio of 3:2 TheBalance Sheet en 31st December, 2015 stood as follows:LibilitiesCapital Alc:BabolalRamal3.000134hy7.000CashDebtors10.000 Stock1,600 Investment1.400 Building2,00015,00018703,0805,750ReserveBank Loan15.000Oa 1.1.2019, they agree to take Premlal into partnership giving him 175th share of profit on thefollowing terms:tre goodwill of the firm is to be valued at two years purchase calculated on twice theaverage profit of last three years which amounted to * 4,000, * 3,000 and 5,000.b) Premlal brings his share of Goodwill in cash which is retained in the business.(e) Premlal also brings in capital in proportion to his profit-sharing arrangements.Pass necessary Journal entries to give effect to the above arrangements and prepare newBalance Sheet of the firm.(JAC., 2015of Godwill * 1.600; (b) Total Capital of the New Firm 16,250;noin 6100 Total Rs
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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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