Question

12. Samita, Sangita and Savita were partners sharing profits and lonnen in the ratio
of 2 : 2 : 1. Their Balance sheet as on 31st March, 2012 was as follows:
Balance Sheet as nt 31st March, 2012
Liabilities
Amt. Amt.
Annets
Amt. Amt
Capital Accounts:
Plant and Machinery
41,850
Samita
30,000 Investment
22,500
Sangita
22,500 Stock
18,000
Savita
30,000 Sundry Debtors
15,600
Sundry Creditors
16,500 Less: R.D.D.
600 15,000
Outstanding expenses
4.500 Cash
6,150
1,03,500
1,03,500
Sangita died on 30th June, 2012. The following adjustments were made in the
books of the firm :
(1) R.D.D. is no longer necessary.
(2) Investment worth 15,000 were taken over by Savita and remaining investments
were sold at a profit of 1,000.
(3) Stock was valued at 22,500 and Plant and Machinery was depreciated by 10%.
14) A contingent liability for compensation ? 535 is to be provided.
(5) Goodwill of the firm was valued at 15,000.
(6) The deceased partner's share in profit upto the date of death was to be calculated on
the basis of last year's profit which was? 12,000.
Prepare Profit and Loss Adjustment A/c., Partner's Capital Account and

Answer 1

Answer:

Explanation:

Investment worth 15,000 were taken over by Savita and remaining investments

were sold at a profit of 1,000.

Answer 2

Explanation:

answer he nhi hai to post kyu karto ho bhai