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                                    'X', 'Y' and 'Z' were partners in a firm sharing profits in the ratio of 5 : 3: 2. On 31st December, 2017 'Z' retired from the firm. On the date of retirement the Balance Sheet of the firm was as follows : LiabilitiesCreditorsProvision forlegal claimsCapital 'X' 25,400'Y'18,000'Z' 14,200AssetsF16,0003,9004,20017,50040,00081,60012,50011,500BankDebtors4,000Less : Provision (-100StockFurnitureLand & Building57,60081,600On 'Z's retirement it was agreed :(i) Land & Building will be appreciated by 5% and furniture will be depreciated by 20%. (ii) Provision on Debtors will be made at 5% on Debtors and provision for Legal Claims willbe made * 12,000. | 
                            
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