Debit side of cashbook under cast by 400 how to record in brs
Answers
Answer:
. A,B,and C were partners in a firm sharing profits and losses in the ratio 18:7:10.There
Balance sheet as on 31st March ,2017 stood as below :
LIABILTIES Rs. ASSEST Rs.
Sundry Creditors 4,300 Stock 4,000
Bills Payable 2,000 Debtors 5,000
A’s Loan 4,000 Bills Receivable 3,000
A’s Capital 6,400 Plant and Machinery 5,000
B’s Capital 3,600 Cash at Bank 2,500
Profit &Loss Account 7,000 C’s Capital A/c 7,800
27,300 27,300
The firm is dissolved on the above data. The assets were realised as :
Stock Rs.3,000, Debtors Rs.4,000, Bills Receivable Rs.2,500, and Plant and Machinery
Rs.4,500. Sundry creditors are paid Rs. 4,000 in full settlement and Bills Payable are paid
in full. Expenses amount to Rs. 800 .C is insolvent.
Assume the capitals are not fixed. Give ledger accounts to close the books of the form
according to rules given in Garner vs. Murray.
there is no 400 the question please mark me the brainliest