tes ago
3
Admission of A Partner
Sunita and Alka are partners sharing profit & losses in the ratio of 3 : 2 in a fim
Their Balance Sheet on 31st Dec., 2017 was as follows :
133
Liabilities
Amount
Creditors
Bills Payable
Capital a/cs
Sunita
Alka
Assets
₹
30,900 Bulding
6,820 Machinery
Furniture
Stock
68,000 Debtors
(Prov.
Investment
Cash
Amount
&
20.000
9,000
1,800
25,000
50,000
18,000
45,000
8,000
37,000
8,500
3,520
1,04,820
1,04,820
They admit Poonam on the following terms on 1st Jan., 2018 :
(1) Poonam to get 2/7 share of the proft. (2) She will bring 7 12,000 as her capital
and * 9,600 as her share for goodwill. Both amount will remain in the Arm.
(3) Building is to be valued for 30,000; Machinery to 8,900; Stock/ís to be
valued at 22,500. (4) On the date Investment were valued at * 6,400-Sunita took
over the investment. (5) Bad debts reserve is reduced by 2,000.You are required
to prepare (a) Revaluation a/c, (b) Capital a/c and (c) Balance Sheet of the firm.
[Ans Profit on Revaluation 6,400, Capital 53,200; 24,400 and 12,000
respectiveh, Total ofB 531,26,420]
Answers
Answered by
2
Answer:
R u asking or telling the answer
Answered by
0
Explanation:
there is only question...? not an answer
Similar questions