answer 17,18
12 Raga And Sonu wehe, portretin e tum A palagita In BatteOrch 2019 Follos Latities Cheditors 445 Cat 55000 L0 Debt Semua. Goodwill 10.000 Capitol Stook Raga 2.00,000 Forniture Sorte 30. Machine 13:00 95.00 100 Saco 5 3.000 On the above dale tue med: ma laga toe oue, Otok at per les its dokula and the training stock Halal for 240.000 both hand 380,000 - 515 11 Portalda . Madly at ale.com c) Oboe Taht on an indicap Se for both ose paid Prezpah Road 18 And & the one thing 32. Wait Capital Eins A6 . ER Potetul LD BWA cas de Sapth other --9fchod s posting Supa Uill things hindi son is the ONE del Grandes by He waiting to Food was bad main : -indle Andere forced to the wake likely to be hidden wat inde for sittanding pain Prapoh Revolution na ital Alcd and Bolanta Sot (8). 18 A and B were partners sharing profits in 3:2 ratio. Their Balance sheet as on 31-03-2021 was as follows: Liabilities Assets Z Capital Building 80,000 A'-60,000 / Machinery 20,000 B - 40.000 1.00,000 Furniture 10,000 Pewuition for bad debts 1000 Debtors 25.000 Creditors 60,000 Cash 16,000 Profit & Loss All 10.000 161.000 1.61,000 was admitted as a newpartner on the followin -3 terms - (0) The new profit sharing seation was decided as 2:2:2 (6 6 will bring 230,000 as his capital and F 15000 for his share of goodwill- Lo Half of goodwill amount was withdrawn by the partner who sacrificed his share of profit in d) A pesavisaan of 5% for bad debts was to be main tained (e) An item of 7 500 included in creditors was not likely to be paid (t) A perovision of 2800 was to be made for outstanding repair. Perepare Revaluation as a bantneho Capital Alcs and Balance sheet of Hewfinne 3 1 favour of C. - 18). 17 Raja and Sonu were partners in a firm shanins plagits in 4:1 Statio. On 31 March 2014 : theis Balance Slanet was as follows: liabilities Assets Cheds totis 45,000 Cash 55.000 Jonkmen Comportation rund 40,90o Debtains 60,000 Sonus Cunhent All 65,000 Croodwill 10,000 Capitals: Stook Raja 200,000 Furniture sonu 2.60.000 3,00,000 machinery 1.30.000 Raja's Chrhentak 20,000 85.000 90,000 2 4.50,000 19.50,000 On the above date the film was dissolved: By Raga took over hox of Hal. stock at low less then its book value and the remaining stock was bold for 7 40,000. furniture realised 280,000. H Page No - 5ls (6) An unrecorded investment was sold for 2000. Machinery was sold at a loss of 260,000 (0) Debtors sealised 55,000 2) Tere was an outstanding sepaid bill for which Preepare Realisation ALL. 162 16 X, Y and Z are partners in a fium sharing profits & lesses in 32. 1 ratio. Z retines from the firm on 1.4.2021. On the date of Zis retire -ment, following balances existed in the books of General Reserve ? 1.80poo Advertisement Suspense AL & 30,000; Employees' Provident fund 2 (20,000 Wankmen compensation Reserve R 24,000 and claim against Workmen Compensation Reserve is 6,000, nvestment fluctuation Reserve ? 45.000 Pass Journal entries for the adjustment of these items on z's retirement, 24
