Question

Rohit, Sachin and Virat were sharing profits and losses in the ratio of 7:5:4 respectively.
Their Balance sheet as on 31st March 2017 was as follows.

Balance Sheet as on 31s1 March 2017

capital account: - rohit - 23000
sachin- 15000
Virat - 12000
Bill payable - 2000
creditors - 8000
bank loan - 12000
general reserves - 16000

stock -17000
furniture -18000
land and building -16000
bank -37000

mr. Virat died on 30th June 2019 and following adjustment were agreed as per deed
1. stock, furniture and land and building are to be revalued at 16700 , 16200 and 30100 respectively.
2. Virat share in Goodwill is to be valued from firm's Goodwill which was valued at three times of the average profit of last four years : profit of last 4 years: 1) 30000 2) 25000 3)25000 4) 40000
3. his profit up to the death is to be calculated on the basis of profit of last year.
4. Virat was entitled to get salary of rupees 1200 per month.
5. interest on capital at 10% paid to be allowed.
6. Virat drawing up to the date of death was rupees 900 per month.

prepares revaluation account partners capital account and balance sheet.​

Answer 1

mla balance sheet chi tally pahije

Answer 2

Answer:

உநுநநாணைறூறேமௌமௌமூமூஙொஙோஙேவெவொவெவொவாவெவா