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| 1. |
Krishna and Arjun are partners in a firm. They share profits in the ratio of 4 : 1. They decided to dissolve the firm on 31st March, 2018 at which date their Balance Sheet stood as: The realisation shows the following results: (a) Goodwill was sold for ₹ 1,000. (b) Debtors were realised at book value less 10%. (c) Trademarks were realised for ₹ 800. (d) Machinery and Stock-in-Trade were taken over by Krishna for ₹ 14,400 and ₹ 3,600 respectively. (e) An unrecorded asset estimated at ₹ 500 was sold for ₹ 200. (f) Creditors for goods were settled at a discount of ₹ 80. The expenses on realisation were ₹ 800. Prepare Realisation Account, Partner’s Capital Accounts and Bank Account. |
| Answer» COME of POLITICS of social divisionsdepends on how the political LEADERS RAISE thedemands of any community". EXPLAIN thestatement | |