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(43. Angad, Sugriv and Jamavant are partners in a firm. Their profit sharing
3:2: 1. On 1st April, 2018, their capital was 30,000; * 25,000 and a
According to Partnership agreement, if a partner dies, he will have right to
share in capital and goodwill till the date of his death. The calculation of the a
of profit will be made on the basis of sale of last year. The amount of goodwil
be twice of last three years average profit. On 30th Sept., 2018, Sugriv died
Till that time, he had withdrawn 2,000 for his personal expenses. Sugri
200 per month as salary. The last three years profit of the firm was 21
13,000 and 12,000. The total sale of last year was 1,50,000 and sale upto​

Answer 1

Answer:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

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