Question

Date
D. Following is the balance sheet of Mahesb, suresh
and Ramesh :
Do
part
To s
Asse
mac
Liabilities
2
Assets
Creditors
4000
Machinery
overdraft
6000
I capital Accounts:
Mahesh 12000 Profit and Loss Alc
suresh
9000 Ramesh's Capital
31,000
Good will
Stock and Debtors.
Z
2,000
3ooo
19000
6000
1,000
31,000
stoc
Ramesh declared insolvent, firm is dissolved and
lassets realised as follows:
D stock and Debtors F 18000; Good will Nil; Machinery
at book value.
i) A contingent liability against the firm for 3 3,000
is cleared
in Creditors allowed discount of 10%
iv) Ramesh could pay only 25 paisc in a rupee of
the balance due.
V Profit Sharing ratio was 8:4:3 -
Give ledger accounts to close the books
of the firm :​

Answer 1

Answer:

This is very long give 1 by 1