28. A, 8 and C were partners in a firm A died on 31st March, 2018 and the Balance Sheet of the firm on that
date was as under:
BALANCE SHEET OF A BAND as at 31st March, 2018
Liabilities
7.000
Creditors
General Reserve
Cash at Bank
Debtors
12.000
32.000
30.000
40.000
8.000
Workmen's Compensation Fund
Profit and Loss Account
101000
Capitals
Patents
10.000
30.000
20.000
90.000
1.22.000
1.22.000
On A's death it was found that patents were valueless.furniture was to be brought down to 24,000 plant
was to be reduced by 10,000 and there was a liability of 7.000 on account of workmen's compensation
Pass the necessary Journal entries for the above at the time of A's death
(CSSE 2019)
Answers
Answered by
6
Answer:
40.000
8.000
Workmen's Compensation Fund
Profit and Loss Account
101000
Capitals
Patents
10.000
30.000
20.000
90.000
1.22.000
1.22.000
On A's death it was found that patents were valueless.furniture was to be brought down to 24,000 plant
was to be reduced by 10,000 and there was a liability of 7.000 on account of workm
Answered by
34
Answer:
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