Question

On 31st March, 2020, the balance sheet of A, B, and C sharing profits in the ratio of

3:2:1 was as follows:

Capital

A

B

C

Reserve

Secured Loan

Bills Payable

Creditors

49000

21000

10000

12000

18000

10000

5000

Cash

Other Assets

Drawings

A 10000

B 10000

C 5000

10000

90000

25000

Additional information

 Realisation Expenses: estimated- Rs 4000 and Actual Rs 5000

 Assets Realised on:

15-4-2020 Rs 20000,

30-4-2020 Rs 4000,

10-5-2020 Rs 27000 and

19-5-2020 Rs 26000.

Prepare a statement showing distribution of cash by Proportionate Capital Method.​

Answer 1

Answer:

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