Question

4. RS and T were partners in a firm sharing profits in 2:2:1 ratio. On 31-3-2017, their Balance Sheet wz
follows:
Liabilities
Amount (3)
Assets
Amount (3)
Bank loan
12,800 Cash
51,300
Sundry Creditors
25,000 Bills Receivable
10,800
Capitals
Debtors
35,600
R 80,000
Stock
44,600
S 50,000
Furniture
7,000
T 40,000
1,70,000 Plant and Machinery
19,500
Profit and Loss A/C
9,000 Buildings
48,000
2,16,800
2,16,800
130
&​

Answer 1

Explanation:

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