1.

Ram, Mohan, Sohan and Hari were partners in a firm sharing profits in the ratio of 4 : 3 : 2 : 1 . On 1st April, 2016 , their Balance Sheet was as follows: From the above date, the partners decided to share the future profits in the ratio of 1 : 2 : 3 : 4 . For this purpose the goodwill of the firm was valued at ₹ 1,80,000. The partners also agreed for the following: (a) The Claim for Workmen Compensation has been estimated at ₹ 1,50,000. (b) Adjust the Capitals of the partners according to the new profit-sharing ratio by opening Partners Current Accounts. Prepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of the reconstituted firm.

Answer»

❇️THIS IS YOUR REQUIRE ANSWER ✌❇️MARK ASBRAIN LIST PLZ ❇️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️❣️Ram, Mohan, Sohan and HARI were partners in a firm sharing PROFITS in the ratio of 4 : 3 : 2 : 1 . On 1st April, 2016 , their Balance Sheet was as FOLLOWS: From the above DATE, the partners decided to share the future profits in the ratio of 1 : 2 : 3 : 4 . For this purpose the goodwill of the firm was valued at Rs.



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