Question

please help me guys

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Answer 1

Explanation:

revaluation A/c Dr 26400

To plant and machine A/c 24000

To Furniture A/c 2400

stock A/c Dr 12000

To revaluation A/c 12000

abhi capital A/c Dr 10800

bibhu capital A/c Dr 3600

To revaluation A/c 14400

cash A/c Dr 30,000

To kabi capital A/c 30,000

balance sheet as on

liability Amt assets Amt

creditors 30000 land and

abhi 1,09200 building 90,000

bibhu 56400 plant and

kabi 30000 machinery 36000

stock 30000

furniture 27600

cash 42000

225600 225600

Cash = 30,000+ 12,0000

and partner capital

abhi = 120,000- 10,800= 1,09200

bibhu = 60,000- 3600 = 56400

Hope this answer help you

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