Question

Assets
at 31st March 2018 was as follows
Liabilities
Sundry Creditors
1,20,000 Land and Building
General Reserve
40.000 Stock
Capital Accounts:
Debtors
4,00.000
Less:
B
2.00,000
Doubtful
2,00,000 8,00,000
Debts
Cash at Bank
9,60,000
5.00
240.00
Provision for
1,50,000
30,000 120.000
00.000
9,60,000
of 6:4. It is agreed that :
(i) Goodwill of the firm is valued at $80,000.
20%
(iii) Provision for Doubtful Debts is to be decreased to 10,000.
(iv) Computer valued 30,000 was unrecorded in the books.
stalments of 1,00,000 together with interest @ 10% p.a.
You are required to prepare :
(a) Revaluation Account,
(6) C's Capital Account, and
(c) C's Loan Account till it is finally closed
Q. 27. A, B and Care partners sharing profits in 4 : 3:3. Their Balance Sheetan
C retires on 1st April, 2018 and A and B decide to share future profits in the ratio
(it) Land & Building is undervalued by 31,00,000 and Stock is overvalued by
It was decided to pay off C by giving him this computer and the balance in annus​

Answer 1

Answer:

answer is 3,000 is answer brp