Question

Saiyam 10,0
respetively, Total of B/S of new firm
Amount
43.
41. Prabhat and Sharad are partners in a fimm dividing profits in the ratio of 415
1/5 respectively. The position of their business on 31-12-2017 was as follow
form of capital. (2) Value of furniture will be depreciated by 2% and Stock will be
(1) Anil will have 1/2 share in the business, for which he will pay 17,500 in the
appreciated by 6%. (3) Finally the capital accounts of the partners be adjusted in the
Assets
Amount
Llabilities
Creditors
12,000 Furniture
General Reserve
4,000 Machinery
Profit and Loss Account 2,000 Building
Stock
Capital -
Prabhat
9,000 Debtors
Sharad
1,500 Cash
28,500
On this day they admit Anil as their partner on the following conditions-
10.50
2.000
С C
c
80A
4,546)
3,000
500
28,500
proportion of Anil's Capital,
Prepare Revaluation Account
, Partners' Capital Accounts, Cash Account and the
.​

Answer 1

Answer:

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