Question

mm
ente veedu tvmilaa
nerathe paranjarinnalo​

Answer 1

Answer:

2020. Their Balance Sheet as on<br />31st March, 2020 was as follows.<br />Balance Sheet as on 31st March, 2020<br />Amount<br />Amount<br />Liabilities<br />Assets<br />Capital Accounts:<br />M<br />N<br />2,00,000<br />1,50,000<br />1,50,000<br />50,000<br />50,000<br />Land and Building<br />2,50,000 Furniture<br />1.00,000 Debtors<br />1,00,000 Stock<br />45,000 Cash<br />30,000<br />75,000<br />S<br />Sundry Creditors<br />Bills Payable<br />Bank Loan<br />6.00,000<br />6,00,000<br />M died on 30th June, 2020 and the following adjustments were agreed as:<br />(1) Furniture was to be adjusted to its market price of 1,70,000.<br />(2) Land and Building was to be depreciated by 10%.<br />(3) Provide R.D.D. @ 5% on debtors.<br />(4) The profit up to the date of death of M is to be calculated on the basis of last<br />years profit which was 90,000.<br />Prepare : (1) Profit and Loss Adjustment A/c (2) Partners' Capital Accounts

Answer 2

Answer:

ahh ath sheriyanelloo

marnn poyii(◠‿◕)

ok