Question

Balance sheet total = 5,50,000]
24. P, Q and R are sharing profits and losses in the ratio of 5:3:2. They decided to share
future profits and losses in the ratio of 2 : 3:5 with effect from 1st April, 2016. They also
decided to record the effect of following revaluations without affecting the book value of
assets and liabilities by passing a single adjustment entry :
Book Value
Revalued amount
₹
₹
Land & Building
2,00,000
3,00,000
Equipments
3,00,000
2,80,000
Bank Loan
1,00,000
90,000
Outstanding Salaries
90,000
1,20,000
Pass single entry.
[Ans. Revaluation Profit * 60,000]​

Answer 1

Explanation:

मेरे को बैलेंस शीट का नहीं पता पूछ रहे हो इतना बड़ा सवाल है कैसे बताऊं