Question

Flowme the Trial Balanes of Me Indra Jaiswalas omist March, 2012
21.000 Capa
15,906 Pons Ovard
2467
27142
Provision for Doubt Debts
B2
18.
Polls Payable
Bank Loan
15.040
2470
2.000
11000
3.000
6,630
ang Ex
Beek
une ward
29. 170
95,015
3,128
989
1,300
Red Oats
C
721
3.54
Prepare Trading and Profit and Loss Account for the year ending 31st March, 2020 ar
Balance Sheets on that date after making the following adjustments:
( Value of Closing Stock 6,100
G) Depreciate machinery @ 10% p.a.
GH Crente Provision for Doubtful Debts at 5% on debtors.
cm Commission payable to manager at 10% on net profit.
Onth March, 2020, goods costing #1,600 and furniture costing3,000 were destroy
by fire, insurance company has accepted claims of * 1,000 for goods and + 2,000
Cross Profit 82,827, Net Profit - 48,264, Balance Sheet Total-2 1,53,25



please tell fastly today my online exam​

Answer 1

Answer:

पुनर्मल्यांकन खाता व साझदारा का पूजा

Q. 3. X and Y are partners in a firm sharing profits and losses in the ratio 3:1 Their

balance sheet as on 31" December was as under :-

Balance Sheet

(As on 31 December 2017)

Liabilities

Rs.

Assets

Rs.

Creditors

18000

Cash in hand

7500

Capitals :-

Bills Receivables

1500

X - 17000

Debtors

8000

Y - 5500

22500

Stock

1000

Furniture

10000

Buildings

12500

40500

40500

On 1"' January 2018 they admitted Z into partnership on following terms :-

1. He will pay Rs. 5500 as Capital for 1/5 share of profit.

2. He brings for Goodwill Rs. 2000.

3. Stock and Furniture will be depreciated by 10% and a Provision on Debtors

will be made @ 5%

4. Buiiding will be appreciated by 20%

Prepare revaluation Account and Partners Capital A/C