DateD. Following is the balance sheet of Mahesb, sureshand Ramesh :Dop

1.	DateD. Following is the balance sheet of Mahesb, sureshand Ramesh :DopartTo sAssemacLiabilities2AssetsCreditors4000Machineryoverdraft6000I capital Accounts:Mahesh 12000 Profit and Loss Alcsuresh9000 Ramesh's Capital31,000Good willStock and Debtors.Z2,0003ooo1900060001,00031,000stocRamesh declared insolvent, firm is dissolved andlassets realised as follows:D stock and Debtors F 18000; Good will Nil; Machineryat book value.i) A contingent liability against the firm for 3 3,000is clearedin Creditors allowed discount of 10%iv) Ramesh could pay only 25 paisc in a rupee ofthe balance due.V Profit Sharing ratio was 8:4:3 -Give ledger accounts to close the booksof the firm :
Answer» ANSWER: This is very LONG GIVE 1 by 1

DateD. Following is the balance sheet of Mahesb, sureshand Ramesh :DopartTo sAssemacLiabilities2AssetsCreditors4000Machineryoverdraft6000I capital Accounts:Mahesh 12000 Profit and Loss Alcsuresh9000 Ramesh's Capital31,000Good willStock and Debtors.Z2,0003ooo1900060001,00031,000stocRamesh declared insolvent, firm is dissolved andlassets realised as follows:D stock and Debtors F 18000; Good will Nil; Machineryat book value.i) A contingent liability against the firm for 3 3,000is clearedin Creditors allowed discount of 10%iv) Ramesh could pay only 25 paisc in a rupee ofthe balance due.V Profit Sharing ratio was 8:4:3 -Give ledger accounts to close the booksof the firm :

Answer»

ANSWER:

This is very LONG GIVE 1 by 1

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