Solve using law of exponent and then write answer in rational number
2 / 2
[ (4/5)^5 × (5/6)^5 ] ^-1
Answers
Answer:
0,000
2.80,000
1,54,000
2.00.000
It was decided that with effect from 1st April 2019, profit and loss sharing ratio
will be 3:3: 1. They agreed on the following terms:
(1) Goodwill of the firm be valued at two year's purchase of the average supe"
profits of last three years. Average profits of the last three years are 1,08,000, while
the normal profits may be taken at 66,000.
(ii) Provision on debtors be reduced by 32,000.
(iii) Value of stock be increased by 10% and machinery be valued at 31,00,000
(iv) An item of 3,000 included in sundry creditors is not likely to be claimed.
Partners do not want to record the altered values of assets and liabilities in the
books. Pass an entry to give effect to the above and prepare the revised balance sheel.kkk
Step-by-step explanation:
0,000
2.80,000
1,54,000
2.00.000
It was decided that with effect from 1st April 2019, profit and loss sharing ratio
will be 3:3: 1. They agreed on the following terms:
(1) Goodwill of the firm be valued at two year's purchase of the average supe"
profits of last three years. Average profits of the last three years are 1,08,000, while
the normal profits may be taken at 66,000.
(ii) Provision on debtors be reduced by 32,000.
(iii) Value of stock be increased by 10% and machinery be valued at 31,00,000
(iv) An item of 3,000 included in sundry creditors is not likely to be claimed.
Partners do not want to record the altered values of assets and liabilities in the
books. Pass an entry to give effect to the above and prepare the revised balance sheel.