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ment ument does not headings Bose, ghosh and Roy were partners in a business sharing profits and losses equally. On 1st April, 2002, Roy became
ment ument does not headings Bose, ghosh and Roy were partners in a business sharing profits and losses equally. On 1st April, 2002, Roy became insolvent and is unable to contribute anything and on that date their Balance Sheet stood as follows: e navigation tabs, eadings in your nt by applying Styles Creditors B/P Capital Account Bose Ghosh Roy Drawing Account: Bose Ghosh Rs. 38,000 Debtors 9,000 Stock Furniture Cash at Bank C's Drawing A/C 1,00,000 Rs. 97,000 24,000 3,800 6.200 30.000 60,000 30,000 10,000 7.000 7.000 1.61.000 1.61.000 The partnership is dissolved. Debtors, stock and Furniture realise only Rs. 1.03.800. Prepare the necessary Ledger Accounts to close up the books of the fimm. QUESTION TWO Ram. Shyam and Ghanshyam are partners shanng profits and losses in the rate of 4
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