rupesh and yuvraj carry on business in partnership on m/s kumbhal & sons as sharing profits and loses inthe ratio of 2/5 and 3/5 respectively. their balance sheet on 31st march,2018 was as follows : liabilities ,sundry creditors =2487,capital a/cs ,rupesh=6810 yuvraj 6810 .assets, cash in hand = 142 ,cash at bank =2385, debtors =1100,stock=3600, furniture=880, buildings=8000 .on that date they admit janmesh into partnership and give him one third share in future profits on the following terms- (1) stock and furniture are to be reduced in value by 12 1/2%.(2) building are to be appreciated by rs 1500. (3) a reseve of 5% is to be created on sunday debtors for doubtful debts.(4) janmesh is to bring in rs 6000 as his capital and rs 4000 as goodwill .this sum is to remain in the business. ftom the above information preparr revaluation account and partners capital a/cs.
Answers
Answered by
0
Answer:
I will try to arrange a meeting with a lot of Tamil movie song
Answered by
0
Explanation:
Values of the Stock and Plant and Machinery were to be ... sharing profits in the ratio of 2:1 as at 31stMarch,2018: ... Prepare Profit and Loss Adjustment Account (or ...
साले itna lamba questions
Similar questions