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Following is the Balance Sheet of Arvind and Balbir as at 31st March, 2018: The firm was dissolved on the above date under the following arrangement: (a) Arvind promised to pay off Mrs. Arvind’s Loan and took Stock at ₹ 6,000. (b) Balbir took half the Investments @ 10% discount. (c) Book Debts realised ₹ 28,500. (d) Trade Creditors and Bills Payable were due on average basis of one month after 31st March,but were paid immediately on 31st March @ 2% discount per annum. (e) Plant realised ₹ 37,500; Building ₹ 60,000; Goodwill ₹ 9,000 and remaining Investments ₹ 6,750. (f) An old typewriter, written off completely from the firm’s books now estimated to realise ₹ 450. It was taken by Balbir at this estimated price. (g) Realisation expenses were ₹ 1,500. Show Realisation Account, Capital Accounts of Partners and Bank Account. |
| Answer» COME of politics of SOCIAL divisionsdepends on how the political LEADERS raise thedemands of any community". EXPLAIN THESTATEMENT | |