Question

PAGE NO
DATE:
care
Partners sharing all
in
decided to
Dinolve the Partnership Firm C8M)
Balance sheet as on 31-349
they have
Anths
Amts
Liability
120,000
Creditoy
B.19
Loan of the 15
350,000
Caritalne
Land 0
A 1,00 000
Groodwill 30,000
B. 50,000
attis Machinery 50.000
c 80,000
230,000 Stock
36000
General Reserve 24000 Debtors 50,000
: 46000 62.0R 6000 44000
20,000 i Cash Balance 60,000
50,000 1 RepadEfathe
BIR 30,000
300oo
Following transaction took place at the
Hme
of
Dissolutions
Hall of the Stock was taken by B
- at lol More than Book Valuer while remaining
was sold at a 16,200.
Assest realized were as follows.
Land ifto,ooo
Delton 50,000
BIR
25 000
Machinny 45000
Cuditors were to be paid by A
lor. Discount u
Dissolution Ecreases Amounted Rs 20,000
6 There was an unreckled Asut taken over
at R 10,000
Prepare Realizations Hic Partner's Capital Alc
and cash Bank tle
by c​

Answer 1

Answer:

Brainlest

Explanation:

A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. ... are realised and its liabilities are discharged. 1 ... Present the share capital of the company in its Balance Sheet