Question

ajay and vijay are partners sharing profits and losses in the ratio of 3:2. their balance sheet as on 31-03-2014 was as follows. on 01-04-2014 sujay is admitted into the partnership​

Answer 1

Answer:

Please yrr koi to thanks dai do...

Answer 2

On 01.04.2015, Mr. Sanjay is admitted into partnership on the following terms:  (a) He should bring Rs. 20,000 as capital for the share and Rs 12500 towards goodwill.  (b) Depreciate machinery and furnitures by 10% p.a. each.  (c) Appreciate buildings by 20% p.a.  (d) Increase R.B.D. on Debtors to Rs. 3,000.  (e) Prepaid insurance Rs. 1,000 Prepare:  (i) Revaluation account  (ii) Partners’ capital accounts  (iii) Opening balance sheet of new firm as on 0,1.04.2015Read more on Sarthaks.com - https://www.sarthaks.com/635339/ajay-and-vijay-partners-sharing-profits-losses-the-ratio-their-balance-sheet-2015-follows?show=635348#a635348