Question

Out A and B share the propte of a business of
lp
Contrebited equally by t and B. on es
daite y admissm the Balance Sheet of the
ed
Liabilities
Als Capital
39,90
Assets
40,000
Machinery
39, when
Stock
4,000 Dettous
2,000 Bank
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15, od &
Compensation Resure
aac
st
Creditors
Provident Fund
10,00
sis o
18 Good
Flow
Work
File
Test
follows
c will bring € 30,000 for his share q capital
and goodwili
Godwill
of the firm has been valued at 3 years
purchase of the average super profta, of last
au 20 ovo while the normal
eaired with
الي اعلم
art
au
12,000
gap
Loss
(11) Furniture so undervalued by F 12,000 and
the value of stock reduced to & 13,000
Provident Fund be
by the looo
(W) Creditors are unrecorded to the extent
of
E 6,000
Prepare Revaluation Ap, Partner's Caforted the
and the new Balance Sheet
of 8
A
Bandc.​

Answer 1

Answer:

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