Q1. The Balance sheet of sham traders Punc is as follows, partners share profit and losses in the ratio 5: 2: Balance sheet as on 31st March 2019LiabilitiesAmountAmountRambha capilal a'c36.000Planit & Machinery32,000Menka capital a/c32.000Building40,000Urvashi capital a'c17600Stock20.400Creditors20.000Debtory 16.80016.000less :RDD 800Bills payable1200Bank:12.400Gencral reserve1,20,8001,20,800Menka retired from business on 1st April 2019 on the following terms. The assets were revalued as under:1.Stock at 328,000 Building is appreciated by 10%. RDD is to be increased up to 21000 Plantand machinery to be depreciated by 10%2. The goodwill of retiring partner is valued at 8000 and the remaining partners decided thatgoodwill will be written back in their new profit sharing ratio which will be 5: 33. Amount due to Menka is to be transferred to her loan account.Prepare : Profit and loss adjustment account.Capital account of partners and Balance Sheet of thefirm.02. From the Balance sheet of Amir traders as or: 31st March 2018 and 31st March 2019 prepare

Q1. The Balance sheet of sham traders Punc is as follows, partners sha

1.	Q1. The Balance sheet of sham traders Punc is as follows, partners share profit and losses in the ratio 5: 2: Balance sheet as on 31st March 2019LiabilitiesAmountAmountRambha capilal a'c36.000Planit & Machinery32,000Menka capital a/c32.000Building40,000Urvashi capital a'c17600Stock20.400Creditors20.000Debtory 16.80016.000less :RDD 800Bills payable1200Bank:12.400Gencral reserve1,20,8001,20,800Menka retired from business on 1st April 2019 on the following terms. The assets were revalued as under:1.Stock at 328,000 Building is appreciated by 10%. RDD is to be increased up to 21000 Plantand machinery to be depreciated by 10%2. The goodwill of retiring partner is valued at 8000 and the remaining partners decided thatgoodwill will be written back in their new profit sharing ratio which will be 5: 33. Amount due to Menka is to be transferred to her loan account.Prepare : Profit and loss adjustment account.Capital account of partners and Balance Sheet of thefirm.02. From the Balance sheet of Amir traders as or: 31st March 2018 and 31st March 2019 prepare
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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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