Question

PLEASE ANSWER THESE QUESTIONS CORRECTLY​

Answer 1

Answer:

Explanation:

1)

(a) Old ratio of A , B & C = A : B : C = 1 : 2 : 3

New ratio of B & C = B : C = 1 : 1

Gaining ratio = New ratio - Old ratio

Gaining ratio of B = ¹/₂ - ²/₆ = ³/₆ - ²/₆ = ¹/₆

Gaining ratio of C = ¹/₂ - ³/₆ = ³/₆ - ³/₆ = 0

Only 'B' Gain

(b)

Building a/c dr.

To Revaluation a/c cr.

(unrecorded asset brought

into books)

Building account is debited

-------------------------------------------------

2)

• (a) General reserve a/c dr. 80,000

To A's capital a/c cr. 13,333

To B's capital a/c cr. 26,667

To C's capital a/c cr. 40,000

General reserve a/c is debited

(b) Old ratio