Sangeeta anita and amita were in partnership sharing profits and losses in the ratio 2:2:1 their balance sheet as on 31st march 2019 was as under:
Answers
Answered by
0
Answer:
They decided to dissolve the firm as follows:
Balance Sheet as on 31 March, 2019
Liabilities
Amount Assets
Amount
RS
Capital:
Land
2.10.000
Sangeeta
60.000 Plant
20.000
Anita
40.000 Goodwill
15.000
Smita
30,000 Debtors
1 25.000
Sangeeta's Loan A/c
1.20.000 Investments
15.000
Sundry creditors
1.10.000 Bank
5.000
Bills payable
30.000
3,90,000
Similar questions