Question

Liabilities
Assets
Z 1
5000
39000
15000
Debtors
449000
D00000
48000
10 2000
200000
410000
10000
(60
les 18. P and Q are partners in a firm sharing Profits and
losses in the ratio of 513. On 31st March 2019, their
Balance Shoot
204 og andes
Bells Payable
Cash
Greditors
Stock
45000
Genoral Reserve
16000
Capital Alco
- Provision for
LP Р
Doubful Debts
150000
350000 plant and Machinery
Land and Building
On 1st April, 2019, R is admitted as a
Partner in the
tiem
on the following terms
, R brings ? 100000 as capital for 1/4th share in the
Profite. The new Pesfit- sharing Ratio will be 2:1:1.
) Goodwill of the them R admission was valued at
Z 120000. R could not bring his share of goodwill in
Cash Both P and Q agreed to grant time of 2 years
to R to either adjust against share of Profit or bring
the amount in the fiem.
I Stock was valued at 74.500 and Provision for Doubt-
-ful Detts was caired by Z 15oo.
v
1 Gedifes includes 21000 which were not likely to
Firm has to pay Z 15000 for getting
employce
on
an ex
) Machinery was depreciated
Building was appreciated by 2%
was depreciated by 2 2000 and Land, and
be paid.
dispute with
y An old computer Previously written off was sold
for £150oo.
se pare Revaluation Account Partners Capital Accounts
Boh Account and the Balance Sheet of the firem
on R's Admission.
TOIDO)
Urology​

Answer 1

Answer:

0000000000000000.5347

Explanation:

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