A, B & C were partners in a firm sharing profits in the ratio of 3:2:1. Their balance sheet as on скачать в хорошем качестве

A, B & C were partners in a firm sharing profits in the ratio of 3:2:1. Their balance sheet as on

Question No 30 TS GREHWAL 2023 EDITION A, B & C were partners in a firm sharing profits in the ratio of 3:2:1. Their balance sheet as on 31st march 2015 was as follows. Liabilities Amount Assets Amount Creditors Bill Payable General reserve Capital A/cs A 100,000 B 50,000 C 25,000 50,000 20,000 30,000 1,75,000 Land Building Plant Stock Debtors Bank 50,000 50,000 1,00,000 40,000 30,000 5,000 2,75,000 2,75,000 From 1 st April, 2015, A ,B & C decided to share profits equally. For this it was agreed that i. Goodwill of the firm will be valued at 1,50,000 ii. Land will be revalued at 80,000 & building be depreciated by 6%. iii. Creditors of 6,000 were not likely to be claimed and hence should be written off. Prepare Revaluation account, partners’ capital accounts and Balance Sheet of the reconstituted firm. https://www.teacheron.com/tutor/ak6j