Question

VK, Pk and Gk are partners sharing P&C in the ratio of 3:3:2. Their balance
sheet as on 31 March 2011 was as follows:
Liabilities
Amount
Assets
Amount
Sundry Creditors
60.000 Bane Balance
20.000
Bane Loan
7,00.000 Stock
1.20.000
General Reserve
1.60.000
40,000 Debtors
3,00.000 Machinery
Capitals:
2.50.000
PK
3,00,000 Building
4.50.000
2,00,000
10.00.000
10.00.000​

Answer 1

Answer:

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