Question

Madan and krishna were partners in a firm

Answer 1

Madan and Krishna were partners of a fi. A , B and C were partners sharing profits in the ratio of 5:3:2 . On 31st March , 2019 , A's Capital and B's Capital were ₹ 30,000 and ₹ 20,000 respectively but C owed ₹ 5,000 to the firm . ... The assets of the firm realised ₹ 50,000 ....

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Answer 2

Explanation:

Madan and Krishna were partners of a fi. A , B and C were partners sharing profits in the ratio of 5:3:2 . On 31st March , 2019 , A's Capital and B's Capital were ₹ 30,000 and ₹ 20,000 respectively but C owed ₹ 5,000 to the firm . ... Prepare Realisation Account , Partner's Capital Accounts and Bank Account.