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(10)Ral and Dev are partners sharing profits and losses in the ratio of 3:2Their Balance Sheet in as following:Balance Sheet as on 31 March, 2020LiabilitiesAmount AzetsBuildingFurniture1,00,00010,00031.000CapitalRaj1,00.000Dev 75.000CreditorsBill PayableGeneral Reserve1,75.00010.00050.000O RDD 1.000Bank Balance49,00015,00015 0002.05.0002,05.000On 1" April, 2020 they admitted Manoj on the following terms1) Manoj should bring in cash 1,00,000 as capital for 1/5 share in futureprofit arid ? 25.000 goodwill2) Building should be revalued for ? 1:25.0003} Depreciate furniture at 124% and Stock at 10%4) RD.D. should be maintained as it is.Prepare : 1) Profit and Loss Adjustment AccountJ Partners Capital AccountsHi Balance Sheet of the new firm​

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OK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



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