Question

pad
2018 bow
3000
Shoes
1.000.
Provision for
18.500
30.000
20.000
(1.500)
50.000 Stock
Land Buildings
Goodwill
17.000
37.000
5,000
25.000
10.000
1.04.000
1.04.000
On ist April 2016, Kavi is admitted as a new partner on the following terms:
1 The value of stock is to be increased to 42,000.-
Land and Building is to be reduced by 20%.
( Bad Debts amounting to 31,800 are to be written off.
Creditors include an amount of 35,000 received as commission from Amar
The necessary adjustment is required to be made.
(2) The liability of Workmen Compensation Reserve is determined at 3,000.
(») Kavi is to pay 215,000 to the existing partners as premium for Goodwill for
20% of the future profits of the firm. He is also to bring in capital equal to th
of the combined capitals of Dhruv and Ansh.​

Answer 1

Answer:

1000000rs

Explanation:

1000000rs