the ratio of 3: 2:6. (Ratio of CI
Q. 12. Het, Heet and Himesh were carrying on business in partnership. The profit sharing proportion
was 5:3 : 2 respectively. Their Balance Sheet as on 31st March, 2019 was as follows:
Balance Sheet as on 31st March, 2019
Amount
Amount
Amount
Amount
Assets
Liabilities
47.500
12,800
28.000
Sundry Creditors
Heet's Loan
Bils Payable
Bank Overdraft
Capital A/cs:
Het
18.000
40.500 Plant and Machinery
24,500 Investments
27.000
Stock
54.000 Sundry Debtors
Less : Provision
Goodwill
Cash
53.500 Profit and Loss A/C
1,000
17,000
25.300
26.750
23,900
Heet
10,000
16.750
45.000
Himesh
1,99,500
1.99.500
On this date the firm was dissolved and the assets realised as follows:
Plant and Machinery having become obsolete, could realise only 10,000, Investments realised 8,000
Stock sold for 10,000. Goodwill realised nothing. Only 50 % of Debtors could pay their dues in full
and remaining turned out as bad. Expenses of realisation incurred 2,400. All partners became
insolvent. Partnership firm could recover only 1,000 from Himesh's estate. Het could pay * 10,000
and Heet 4,000 from their respective private properties.
Close the books of the firm by preparing relevant Ledger Accounts.
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Answer:
Cells in Series. Positive terminal of a cell is connected to another cell negative terminal is called series connection of battery. In this way many cell can be connected in series. In other words if some cell are connected with one common point is called series connection
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Explanation:
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