Question

ALGAMATION OF FIRMS
31
3 Bhoomi Juli' and Asma Ankita were similar business firms. They agreed
10 amalgamate as on 31st March, 2015. The balance sheets of both the
firms were as under:
ilities
Assets
Bhoomi Asmita-
Juli Ankita
R.
Bhoomi
Juli
Rs.
Asmita
Ankita
Rs.
Bhoomi
1.00.00
82.00
Land-Building
Furniture
Stock
1.20000 Debtors
80.00 Investment
50.000 Cash balance
70.000
8.000
55.000
62.000
16.000
41.000
67.000
15.000
65.000
70.000
Ankita
54.000
33.000
Tent Ale
10.000
6.000
2.52.000 2.50.000
52.000
2.50.000
Bhoomi-Juli were sharing profit-losses in the ratio of 3 : 2 and Asmita-Ankita
e sharing profit-losses in equal ratio. Following are the conditions of the
algamation
The profit-losses sharing ratio among the partners, Bhoomi. Juli, Asmita
and Ankita in the new firm will be 6.5.5:4
The total capital of the new firm will be Rs. 4.80,000 to be provided by the
partners in their new profit-losses sharing ratio. The difference to be adjusted
in cash
Goodwill valued at Rs. 40.000 and Rs. 30.000 of Bhoomi Juli and Asmita-
Ankita respectively
Reduced 5% debtors of both the firms.
Discounted stock of both the firms by 10%
The investment is valued Rs 23.980.
Discounted creditors of both the firm by 396.
Other assets taken by new firm at book value.
Prepare Profit & Loss Adjustment Account and Capital Accounts of Partners
oth the firms. Prepare Balance Sheet of new firm as on 313-15
Sau Ua EX. Non 2015/
Adi Ale of Bhoomi - Juli Rs. 1.000 and Asmita and​

Answer 1

Answer:

omg don't u think it's a very if question