Question

(inc
ng
in third year 1,36,950
respectively. Their capital accounts showed the following balances :
Q. 33. X, Y and Z were partners sharing profits and losses in the ratio of 3 : 2:1
₹
X
1,80,000
Y
1,50,000
Z
1,20,000
Z retired on 31st March, 2016. All the partners agreed to revalue certain assets as
follows:
Book value as
on 31st March, 2016
1,22,000
90,000
Plant & Machinery
Furniture
Revised Value
1,30,000
88,000
Goodwill was agreed to be valued at $54,000. Z's current account at the date of
retirement showed a credit balance of 311,000. At the date of retirement Z was given
375,000 in cash and the balance were transferred to his loan account and were repaid​

Answer 1

Answer:

it's too big question

Explanation:

so I can't sorry