Question

P,Q,R and S had been carrying on business in partnership sharing profit and losses in
the ration of 4:3:2:1 .They decided to dissolve the partnership on the basis of
following Balance Sheet as on 30th April,2011:
(1) The assets were realized as under :
Land and Building 2,30,000
Furniture & Fixture 42,000
Stock 72,000
Debtors 65,000
(2) Expenses of dissolution amounted to Rs.7,800
(3) Further creditors of Rs.18,000 and had to be met
(4) R became insolvent and nothing was realized from his private estate.
Applying the principles laid down in Garners vs. Murray, prepare the Realisation

Answer 1

Answer:

Hi, hello want inbox then,

30 thnx+follow=inbox