Perform the given task below. In an open space, perform both
the underhand and overhand service with 10 times each. In your answer sheet,
rate your performance in the previous task using the
rubric below. Write something about your experience while doing the task
Answers
Answer:
₹ .
Q. 4. Dipali and Rajshri are partners in a fi
rm sharing profits and losses in the ratio
of 3 : 2. They decided to dissolve their firm on 31st March, 2018, when their balance
sheet was as under:
Liabilities
Assets
Capital Accounts:
Freehold Property
16,000
Dipali
17,500
Investments
4,000
Rajshri
10,000 27,500 Sundry Debtors
2,000
Sundry Creditors
2,000 Stock
3,000
Profit & Loss A/c
1,500 Cash at Bank
6,000
31,000
31,000
Dipali took over the investments at an agreed value of 3,800, other assets were
realised as follows: Freehold property 18,000; Sundry Debtors 1,800 and Stock
2,800.
Creditors of the firm agreed to accept 5% less. Expenses of realisation of assets
amounted to 400. There was a type-writer in the firm bought out of the firm's money
but the same has not been shown in the above balance sheet. The type-writer is now
sold for 10,000.
Close the firm's books of accounts by preparing a realisation account, partners'
capital accounts and bank account.