CBSE BOARD XII, asked by shwetasingh123jsr, 6 months ago

111 PIRM
0.19 (A), Pritam and Naresh decided to dissolve their firm on Neptember 10
2018, when their lance Sheetstood as follows:
Capital Auce X
06
21.500
Lasa Ace
Narex
Mrs. Prin
2 Hills Receivable
Sundry Doors
1000 Ze** Provision for
10.000
00|Plant Machinery
Prepaid Insurance
10,300
The assets were realised 4s follows Stock 720,000, Bills Receivable 1,00;
Furniture 5,100 Plant & Machinery 35,000: Sundry Debtors at 10% less than book
Sundry Creditors allowed a discount of 5%. Pritam agreed to pay his wife's loan
Naresh need to pay outstanding rent, Expenses on dissolution came to 800
Pritam and Naresh shared profits and longes in the ratio of their Capital Accounts
were finally settled
Prepare al Realisation Account Capital Accounts and Bank Account
Tan Loa on Realisation 714,700 Cash paid to Pritam 40,200 and Naresh
*1000 Total of Bank A1,048001
in Codwill and Pred Insurance will be debited to Realisation A/e and no further
entry will be made in of items​

Answers

Answered by jyotitailor500
0

Answer:

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