(When All partner become insolvent) 11. Following is the Balance Sheet as on 31" March, 2019 of a firm having Three equal partnersPriti, Priya and Prachi.Balance Sheets as on 31 March 2019.LiabilitiesAmountAssetsAmountCapitalMachinery23,000Priti40,000 Furniture16,000Priya35,000 Stock47,000Prachi25,000 Cash at Bank10,000Trade Creditors50,000 Profit and Loss Account84,000Loan (secured by30,000Machinery)1,80,0001,80,000The firm was dissolved due to insolvency of all the partners. Machinery was sold for 18,000,while Furniture fetched 14,000, Stock realised 35,000. Realisation expenses amounted to 32,000.Nothing could be recovered from Priya and Prachi, but 23,400 could be collected from Priti's privateestate.Close the books of accounts of the firm.

(When All partner become insolvent) 11. Following is the Balance She

1.	(When All partner become insolvent) 11. Following is the Balance Sheet as on 31" March, 2019 of a firm having Three equal partnersPriti, Priya and Prachi.Balance Sheets as on 31 March 2019.LiabilitiesAmountAssetsAmountCapitalMachinery23,000Priti40,000 Furniture16,000Priya35,000 Stock47,000Prachi25,000 Cash at Bank10,000Trade Creditors50,000 Profit and Loss Account84,000Loan (secured by30,000Machinery)1,80,0001,80,000The firm was dissolved due to insolvency of all the partners. Machinery was sold for 18,000,while Furniture fetched 14,000, Stock realised 35,000. Realisation expenses amounted to 32,000.Nothing could be recovered from Priya and Prachi, but 23,400 could be collected from Priti's privateestate.Close the books of accounts of the firm.
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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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