Question

A and B are partners sharing profits in the ratio of 3:2. On 1st April, 2019, their Balance Sheet

was as follows:

Liabilities ₹ Assets ₹

Sundry Creditors 51,000 Goodwill 15,000

Workmen Compensation

Fund

4,000 Plant 75,000

Capitals:

A: 1,10,000

B: 1,20,000 2,20,000

Patent 8,000

Stock 80,000

Debtors 62,000

cash 20,000

Profit and Loss A/c 15,000

275,000 2,75,000

On this date they admitted C on the following terms:

i) C will get 3/10th share in profits which he acquires 1/5th from A and 1/10 from B,

he will bring in ₹20,000 as his capital.

ii) Goodwill of the firm be valued at ₹40,000.

iii) Plant is valued at ₹60,000 and Stock 70,000

iv) Claim over workmen compensation is ₹6,000

v) Patents should be written off.

vi) Investments of Rs.5,000 which did not appear in books of account should be duly

recorded.

vii) B is to withdraw ₹20,000 in cash for persona use.

Prepare Revaluation​

Answer 1

Answer:

Given :-

75% of total 1500 are boys.

⅓ are boys

And No. of girls = 40%

To find :-

Total students

Solution :-

No. of boys :-

75% of 1500

75/100 × 1500

75 × 15

1125 boys

Now,

Numbers of girls = 1500 - 1125

=> 375

Total spectacles =>

⅓ × 1125

375

In girls

40/100 × 375

4/10 × 375

150

Total students that wear spectacles = 150 + 375 = 525

\begin{gathered} \\ \end{gathered}