Question

Paad. But it w
that there was a liability for compensation to
um of 1,500 which was not to be paid. "
10) Green was to introduce 30,000 as capital
sation to workers amounting to 3,000.
Five Journal entries to record the above and prepare a Balance Sheet after Gre
appu and Dhanraj were partners in a firm sharing profits and losses in the r
eet as at 31st December, 2016 was as follows:
Balance Sheet
after Green's admission.
the ratio of 3 : 1. Their balanca
50,000
5,000
Liabilities
Assets
ditors
30,000 Debtors
45,000
payable
1,000 Less : Provision
30,000
rve fund
16,000 Stock
10,000
tanding salary
3,000 Bills receivable
1,00
al accounts :
Patents
40,00
pu
60,000 Machinery
4,0
anraj
20,000 Cash
1,30,
1,30,000
agreed as 3:2
amitted Leander as a new partner on this date. New profit sharing ratio is agreed a
- brings 16,000 as his share of goodwill and * 69,240 as his capital. Provision for dou
reduced by 2,000. Their is an old typewriter valued at 2,400. It does not appear in the
It is now to be recorded. Patents are valueless.
Revaluation Account and Capital Accounts of Pappu, Dhanraj and Leander.
alanse sheet as on Dec
11
follow​

Answer 1

this much I can't do now