Fixed in the grade of rs. 72,000-3,800-1,10,000 since january 2018. she gets 30% of basic pay as dearness allowance (which is considered as pay for retirement benefits)
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as his remuneration.llowing is the Balance Sheet prepared by the firm as on the date of dissolution:LiabilitiesAmountAssetsAmountCreditorsCapitals :NareshMahesh30,00020,00059,000 CashDebtorsStock50,000 Capital A/c of Suresh1,09,0001,50043,00060,0004,5001,09,000Mahesh realised 35,000 from Debtors and 47,000 from Stock. Creditors were paid 57,500 in full settlement.Besides outstanding expenses of 500 were also paid. Suresh brings necessary cash.Show the Realisation Account, Partners' Capital Accounts and Cash Account.a r10 Atrod
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as his remuneration.llowing is the Balance Sheet prepared by the firm as on the date of dissolution:LiabilitiesAmountAssetsAmountCreditorsCapitals :NareshMahesh30,00020,00059,000 CashDebtorsStock50,000 Capital A/c of Suresh1,09,0001,50043,00060,0004,5001,09,000Mahesh realised 35,000 from Debtors and 47,000 from Stock. Creditors were paid 57,500 in full settlement.Besides outstanding expenses of 500 were also paid. Suresh brings necessary cash.Show the Realisation Account, Partners' Capital Accounts and Cash Account.a r10 Atrod