Question

43,003]
folloin
Amour
19. Bihari, Kabir and Rahim are partners sharing profit in the ratio of 10:9
[Ans : Loss on Revaluation 3,240,
respectively. Bihari retires on 31st March, 2018. Balance Sheet was as
that date :
Balance Sheet
(As on 31st March, 2018)
Liabilities
Amount
Assets
₹
Creditors
4,832 Goodwill
Capital a/cs:
Tools
Bihari
10,000 Sundry Assets
Kabir
7,000
Rahim
5,000
Current a/c :
Bihari
1,084
Kabir
327
Rahim
₹ 3
10,0
870
103
871
29,114
29.11.
According to partnership agreement, all assets and liabilities were taken at bo
value except the following-(i) Goodwill be valued at thrice of the average pro
of the last three years. (ii) The profit for the last three years were * 3,742; 25.6
und # 1,472 respectively. (iii) The price of the tools were fixed at * 9,875.
Prepare account showing amount payable to Bihari by taking a bank loan.
Ans: Amount Payable to Bihari * 11,904.50]
he partnership deed of Chitra and Di
ause that
anir​

Answer 1

Answer:

Explanation:

Volume-1 | Chapter-6 | Question: 31 to 35 | Retirement Of A Partner | Ts grewal solution 2020-21 | Class-12th

Page No 6.58:

Question 31:

Kanika, Disha and Kabir were partners sharing profits in the ratio of 2 : 1 : 1. On 31st March, 2016, their Balance Sheet was as under:

 

 

 

Liabilities

Amount

( `)

Assets

Amount

( `)

Trade creditors

53,000

Bank

60,000

Employees' Provident Fund

47,000

Debtors

60,000

Kanika's Capital

2,00,000

Stock

1,00,000

Disha's Capital

1,00,000

Fixed assets

2,40,000

Kabir's Capital

80,000

Profit and Loss A/c

20,000

 

 

 

 

 

 

 

 

 

 

 

 

 

4,80,000

 

4,80,000