Amit sold goods for Rs. 15000 to Sunita on credit on Jan 01, 2018. Amit draw a bill of exchange upon sunita for the same account for 3 months. Sunita accepted the bill and returned it to amit. On the date of maturity the bill was dishonoured by Sunita. Record the necessary entries if bill is kept by amit till it's maturity in the books of Sunita and Amit:
Answers
Answer:
पुनर्मल्यांकन खाता व साझदारा का पूजा
Q. 3. X and Y are partners in a firm sharing profits and losses in the ratio 3:1 Their
balance sheet as on 31" December was as under :-
Balance Sheet
(As on 31 December 2017)
Liabilities
Rs.
Assets
Rs.
Creditors
18000
Cash in hand
7500
Capitals :-
Bills Receivables
1500
X - 17000
Debtors
8000
Y - 5500
22500
Stock
1000
Furniture
10000
Buildings
12500
40500
40500
On 1"' January 2018 they admitted Z into partnership on following terms :-
1. He will pay Rs. 5500 as Capital for 1/5 share of profit.
2. He brings for Goodwill Rs. 2000.
3. Stock and Furniture will be depreciated by 10% and a Provision on Debtors
will be made @ 5%
4. Buiiding will be appreciated by 20%
Prepare revaluation Account and Partners Capital A/C
Answer:Amit sold goods to Rohit on credit for ` 10,000 for three months. To ensure payment on due date Amit draws a bill of exchange upon Rohit for.
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