Question

True
III. True of False
TEL) True
(2)
True
losses
(3)
Section c: Six Marks Questions
Liabilities
Creditors,
Reserve Fund
Capitals:
Ramesh
Prakash
Suresh
Prep
Balance Sheet as on 31.3.2017
Assets
17.000 Cash
6,000 Debtors
Patents
Stock
Machinery
8,000
11,000
11,000
10,000
50,000
30,000
25,000
15,000
90,000
70,000
90,000
partners that:
2015-16 313, 000 and 2016-17 715, 000,
(c) Interest on capital to be allowed at 12ºo p.a.
repare:
Ramesh's Capital Account.
(Ans: Am
1. Ramesh, Prakash and Suresh were partners in a firm sharing profits and
the ratio of 5:3:2 On 314 March 2017, their Balance Sheet was as under
Ramesh died on 30th Sept 2017. It was agreed between his exécutors and the surviving
(a) Goodwill to be valued at two and half years purchase of the average profits
of the previous four years which were: 2013-14 712, 000, 2014-15 320,000
(b) Share in the profit from the date of last. Balance Sheet till to the date of death
to be calculated on the basis of last vear's profit.
(d) Share in the Revaluation Account balance, his share is 75, 000(Cr).​

Answer 1

Answer:

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Explanation:

Rimzimfeb/customer /care number 6289981954//6289981954