Question

(e) There is an additional liability of 8,000 being outstanding salary payable to employees of the firm.
This liability is not included in the outstanding liabilities, stated in the above Balance Sheet. Partners
decide to show this liability in the books of account of the reconstituted firm.
Prepare Revaluation Account, Partners' Capital Accounts and Balance Sheet of Deepika, Rajshree and
74. Atul and Amit are partners sharing profits in the ratio of 3:2. Their Balance Sheet as at 31st March, 2020
Provision for Doubtful
has appreciated by 20%. Furniture
Anshu.
is as follows:
₹
Assets
Ljabilities
Capital A/cs:
Atul
Amit
1,00,000
1,00,000
2,00,000
Plant and Machinery
Furniture
Computer
Stock
Debtors
Bills Receivable
70,000
50,000
Current A/cs:
Atul
Amit
Creditors
1,20,000
40,000
10,000
3,70,000
1,80,000
30,000
10,000
40,000
50,000
10,000
10,000
40,000
3,70,000
Cash
Bank
Bills Payable​

Answer 1

Answer:

.........it's very difficult question