Question

ques. 9:-A and B are Partners Sharing Profits in the ratio of 2-3. Teir Balance Sheet as on 32 03 2013 mander
BALANCE SUEET AS ON 31.3.2013
Liabilities
Capital Accounts
Plant and Machinen
67,500 Land and Buildink
B
57.500 Furniture
Overdraft
9.000 Stock
Creditors
1.15,500 | Dehlors
1200
Salaries Outstanding
3,000 Ls: Pravision
General Reserve
7.500 Prepaid Insommee
2.59.500
od
C is admitted as Partner on the same date on following terms
The new Profit Sharing ratio will be 3:2:1.
C will bring 48,000 as capital.
Since C is unable to bring anything in cash for his Share of goodwill. Partners decide to valid godwill abiel is
to be calculated on the basis of C's slzare in profits and the capital contributed by hiru.
(iv) Following Revaluations have to be made -
60
Plant and Machinery
90,000
Stuck
Land and Building
90,000
Prwision for Donbalul Dobra
Reduce Furniture by 10%
Prepare Revaluation Account, Partners Capital Accounts and Balance Sheet of the new Firm

​

Answer 1

Explanation:

Also available in

Class 12 Commerce - Calculation of New Profit-Sharing Ratio

Class 12 Commerce - Gaining Ratio of the Remaining Partners

Please mark me as brainliest