Question

7
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2012 APR.[2] Sachin and Sehwag decided to start business agree-
ing to share profits and losses in the ratio 2 : 1. On 1st January
Sachin purchased goods at a cost of Rs. 72,000 and half of the
goods handed over to Sehwag, on January 15. He again purchased
goods worth Rs. 24,000 and incurred expenses of Rs. 400.
On January 15, Sehwag purchased goods costing Rs. 45,000
and on the same day he sent to Sachin goods worth Rs. 18,000.
He incurred an expense of Rs. 1,100.
On January 20, Sachin in order to help Sehwag sent Rs. 20,000
to him. Both parties sold goods at a profit of 25% on sales and
both were entitled to a del credere commission of 5% of the sale.
On June 30, Sachin had unsold stock of Rs. 15,000. Of these
goods costing Rs. 6,000 were taken over by him and the remain-
der sold for Rs. 10,000. Sehwag was able to sell away complete
goods excepting goods costing Rs. 3,000, which were badly dam-
aged and were treated as unsaleable. Rs. 4,000 owing to Sachin
was unrecoverable.
On June 30, parties decided to close the books. You are re-
quired to prepare important ledger accounts in the books of both the parties.​

Answer 1

itna BADA questions muzhe Iska answer Nahi atta mai 7th Ka Bacha hu....

Explanation:

sorry