Question

3. Prepare Sales book, Purchases book, from the following transactions:
Date (March 2018)
Particulars
Sold to Vishal Light House
20 tube lights @Rs 80 cach less 10%
10 Ceiling fans @Rs.600 each
1
Purchased from ShankarElectricals
25 Table fans @ Rs.500 each less 10%
5
Purchased from Hira Lal
50 tubelights @Rs.350 less 10%
10
Purchased from Sudha & Sons one computer Rs.62,000 on
credit for office use.
12
Purchased from Chaudhary Electrical House
10 LED bulbs @ Rs 180 each less 10 % Trade discount
15
Arvind Light sold to us
5 LED tube lights Rs.550
18
Meetin
22
Sold goods to Jay Dev Bros tube lights for cash Rs. 2,000
15 Table fans @Rs.660 each

Answer 1

Answer:

पुनर्मल्यांकन खाता व साझदारा का पूजा

Q. 3. X and Y are partners in a firm sharing profits and losses in the ratio 3:1 Their

balance sheet as on 31" December was as under :-

Balance Sheet

(As on 31 December 2017)

Liabilities

Rs.

Assets

Rs.

Creditors

18000

Cash in hand

7500

Capitals :-

Bills Receivables

1500

X - 17000

Debtors

8000

Y - 5500

22500

Stock

1000

Furniture

10000

Buildings

12500

40500

40500

On 1"' January 2018 they admitted Z into partnership on following terms :-

1. He will pay Rs. 5500 as Capital for 1/5 share of profit.

2. He brings for Goodwill Rs. 2000.

3. Stock and Furniture will be depreciated by 10% and a Provision on Debtors

will be made @ 5%

4. Buiiding will be appreciated by 20%

Prepare revaluation Account and Partners Capital A/C