Question

10. Following is the balance sheet of Rajesh, Suresh
and mahesh in profil share ratio 5 : 3 :2
Balance sheet aron 31st march 2018
T labi tibes
Tel
.
P31-
creditor
164000 mncheneng
200.000
Bank overdraft
36,000 Furniture
80,000
capital Arc
Goodwill
29,000
Rajesh capital
250,000 Debtor
55ooo
Suresh capital
I 50 000 stock
35ooo
proht and loss hec
60,ooo
cash at Bank
10,ooo
manesh capitaine
; 40.000
5,00,000
500,000/-
I mahesh is declared insolvent firm i dissolved
and Asset & realued as follows-
o stock and Debtor 60000 Goodwill Neil
I muchinery at R 140,000/-
2 A contigent liabilities against the firm
1 for f 8000 is cleared to
& Furniture was taken by to Rajesh at 10% below
their book value.
Dissoluation Expenses amounted R 40001-
6 mahesh could pay only 5o Paise in Ruppee
I of the balance. due ..
Prepare @ Realisation All ® partneris capital dec!
6 Bank Account​

Answer 1

Explanation:

Your furniture Rajesh taken by 10%

Furniture is 80000 and it's 10% is 8000