Question

Q. 30. Manoj. Naveen and Deepak were partners shuring profits and losses in the matto
of 4:3.2 On 1st January, 1994, their Balance Sheet was as follows
Rs
$.900
Trade Creditors
Capitals
Mancy
Naveen
Deepak
50.000
19.000
30,000
19.000
1.400
Rs
7.000 Cash in hand
Debtors
Las Provision
Stock
1.19.000 plant and Machinery
Motor Car
Buildings
Goodwill
1.20,000
17,600
13.500
18,000
20,000
48.000
1.26,000
Deepak retired on the above date as per the following terms
1 Goodwill of the firm was valued at Rs 21000 but it was not to remain in the books
of the new firm
2. Stock to be appreciated by 10%
3. Provision for doubtful debts should be 5% on debtors.
4 Machinery is to be valued at 5% more than its book value:
5. Motor Car is revalued at Rs 15.500 Retiring partner took over Motor Car at this
value
6. Deepak be paid Rs 2.000 in cash and balance be transferred to his loan account
Show necessary journal entries. Prepare Revaluation Account, Capital Accounts and
Opening Balance Sheet of continung partners.
(Ans. Loss on Revaluation Rs 1.800, Deepak's Loan A/c Rs. 16,100; Capitals : Manoj
Rs.45.200 Naveen Rs. 35,400, B Stotal Rs. 1,03,700.
Hint: Goodwill amounting to Rs 3,000 will be written off among old partners in old ratio
Deepak's share in Rs 21,000 will be debited to the accounts of Manoj and Naveen in gaining ruhi​

Answer 1

Answer:

its too big

Explanation:

what the hell