Question

ohit sharing
2. Sachin and Druvid are partners in arm shuring profits and an iner
or 3:2. Their balance sheet is given below:
21/oth shasti
s in the
cases in the
to or 3:2
Balance Sheet as on 31.03.2017
1 labilities
Crechters
Bills Payable
Reserve Fund
Capitals
Sachim
Dravid
3.000
18000
Assets
18.000 Cash n Hand
12.000 Cash at Bank
3.000 Sundry debtors 25.000
Less: POD
Islock
100.000 Furniture
Buildings
PSL Account
133.000
50.000
50.000
e ratio of
2000
10.000
3.000
50.000
5.000
133.000
5.000
5.000
000
000
on 01.04.2017, they admit Ashwin as a new partner into partnership on
the following terms:
a) He brings in ? 40,000 as capital and ? 18,000 towards goodwill for 1/4"
share in future profits.
b) Depreciate furniture by 10% and buildings are revalued at 45,000
c) PDD is increased to 73,500.
d) Prepaid insurance ? 2,000.
Prepare: i) Revaluation Account
ii) Partners' Capital Accounts &
iii) New Balance Sheet as on 01.04.2017
000
00
0
cond​

Answer 1

Answer:

Sachin And Dravid Are Partners In O Firm

Answer 2

Answer:

Sachin and Dravid or partners in a perm sharing profit and losses in the ratio of 3:2 their balance sheet is given below with answers