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need right answer Dete Particular RE 3.000) 1.900 P's Capital Ne De R's Capital Me To Q's Capital Ne (Being Q's share of goodwill adjusted
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Dete Particular RE 3.000) 1.900 P's Capital Ne De R's Capital Me To Q's Capital Ne (Being Q's share of goodwill adjusted among P and R in their gaining ratio) 4.500 P's Capital Alc Dr. Q's Capital Nc DE R's Capital Mc To Goodwill nc (Being old goodwill written off among all partners in their old ratio) 3.000 1.500 ILLUSTRATION 28 (Retirement of a Partner) On 31 March 2010, the Balance 5 and T who were sharing profits and losses in the ratio of 1:2 follows: 25 BALANCE SHEET ar af 37.3.2010 Llabilities Rs. Assets Bank Overdraft 10000 Cush Bills Payable 10.000 Debtors 15100 160 Creditors Capital Accounts R 3D Less: Reserve Stock Machinery Land and Buildings 47.500 45.000 22.50X 5 1 1.15.00 1.51200 S retires on the same day and the following re-adjustments of assets and lot been agreed upon That out of the amount of insurance which was debited entirely to Profit Account Rs.1.500 be carried forward for unexpired insurance That the Land and Building be appreciated by 10% HD That the Reserve for Doubtful Dehus be brought up to sit on Debon in That Machinery be decreased by 10% That Provision of R2,250 be made respect of an Outstanding Batt That the Goodwill of the entire fire he fet at Rs 27.000 and adjusted in to the accounts of Rand T. who are going to share proportion of respectively no youndwill beograd This su padrely what is done in theStep by Step Solution
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