Question

Chapter 6 Retirement of a Partner 6.59
1/6 respectively. The Balance sheet of the firm as at 31st March 2020 was:
chaman
Assets
3
3,00,000
4,00,000
2,50,000
Building
Plant and Machinery
Furniture
Stos
5.00.000
400,000
100.000
2.50.000
9,50.000
220.000
250.000
ecol Reserne
wdry Creditors
380.000
5,000
0000
1,75.000
e Payable
160,000
050
15,70,000
09
Goodwill of the firm be valued at the adjusted into the Capital
Accounts of Ashok and Bhaskar who we are
15) Plant and Machinery to be reduced by 10
lo stock to be increased by 15% and in by 10
di Provision for Doubtful Debts to be raised to *20.000
pass Journal entries to record the above transactions in the books of the form and show the Profit and
Loss Adjustment Account Capital Account of Chaman and the Balance sheet of the form after Chaman's
retirement
13. Ashok Bhaskarand Chaman are partners in a firm.sharing profits and losses as Ashok V3, Bhaskar 1/2 and
Chaman retired on 1st April 2020 subject to
the​

Answer 1

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