Question

On A's death it was found that patents were valueless, furniture was to be brought down to 24,000, plant
was to be reduced by 10,000 and there was a liability of 7,000 on account of workmen's compensation.
2. A, B and C were partners in a firm. A died on 31st March, 2018 and the Balance Sheet of the firm on that
date was as under:
BALANCE SHEET OF A, B AND C as at 31st March, 2018
₹
₹ F
Assets
abilities
Creditors
General Reserve
Norkmen's Compensation Fund
Proht and Loss Account
Capitals:
7,000
9,000
10,000
6,000
Cash at Bank
Debtors
Furniture
Plant
Patents
12,000
32,000
30,000
40,000
8,000
A
8
40,000
30,000
20,000
1,22,000
90,000
1,22,000
C
(CBSE 2019)
Pass the necessary Journal entries for the above at the time of A's death.​

Answer 1

JOURNAL ENTRIES AFTER A'S DEATH.

Explanation:

REFER TO THE ATTACHMENT FOR THE JOURNAL ENTRIES.