- Ram & Co is a Partnership Firm with Ram Vijay and ShyProfit & Losses

1.	- Ram & Co is a Partnership Firm with Ram Vijay and ShyProfit & Losses in the ratio of 5:3:2. The balance sheet of the form80.000 Plant and MachineryVijay will retire from Partnership, therefore the following adjustment(1) Goodwill is to be valued at Rs. 1.00.000 but the same will not supportcan be usedis as underAmount AssetsLiabilitiesRs.Land and BuildingCapitalRamVijay20.000 FurnitureShyam30,000 InvestmentGeneral Reserve20.000 Stock3.00.000 DebtorsLong term LoanBank overdraft44.000Trade creditors1.63.0006.57.000be made:65asset in the new firm.(ii) Land & Building, Plant & Machinery are to be depreciated by 10%5% respectively(11) Investment are to be taken over by Vijay at Rs. 15.000(iv) Provision of 20% is to be made on Debtors to Cover doubtfulRam and Shyam will share future Profits equally. Amount due to Vijayobe transferred to his Loan Account.Prepare Revaluation Account Capital Accounts of the partners and BuleSheet of the New Firm.the following information CalculateDehi
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- Ram & Co is a Partnership Firm with Ram Vijay and ShyProfit & Losses in the ratio of 5:3:2. The balance sheet of the form80.000 Plant and MachineryVijay will retire from Partnership, therefore the following adjustment(1) Goodwill is to be valued at Rs. 1.00.000 but the same will not supportcan be usedis as underAmount AssetsLiabilitiesRs.Land and BuildingCapitalRamVijay20.000 FurnitureShyam30,000 InvestmentGeneral Reserve20.000 Stock3.00.000 DebtorsLong term LoanBank overdraft44.000Trade creditors1.63.0006.57.000be made:65asset in the new firm.(ii) Land & Building, Plant & Machinery are to be depreciated by 10%5% respectively(11) Investment are to be taken over by Vijay at Rs. 15.000(iv) Provision of 20% is to be made on Debtors to Cover doubtfulRam and Shyam will share future Profits equally. Amount due to Vijayobe transferred to his Loan Account.Prepare Revaluation Account Capital Accounts of the partners and BuleSheet of the New Firm.the following information CalculateDehi

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