Question :- Amagamation of Partnership firms Following is the Balance sheet of CX & Co. and DY & Co. as on 31st March 2020. Liabilities CX & Co DY & Co Assets CX & Co DY & Co Cash Bills Receivable Capital of C Capital of X Capital of D Capital of Y Creditors Bills Payable Expenses O/S Reserves Mrs. X's Loan (a) (b) 15,000 10,000 (d) (e) 7,000 750 5,000 30,000 20,000 14,000 3,600 Stock 1,400 6,000 Debtors Furniture Buildings 5,000 6,000 9,500 4,500 12,750 37,750 75,000 C and X share profits and losses in the ratio of their capitals D and Y share profits equally CX & Co. and DY & Co agreed to amagamate their business on the following conditions to form a new firm called CD & Co. from 1st April 2020 Building was valued at Rs. 50,000 37,750 Stock of both the firms to be appreciated by 10% Goodwill of CX & Co to be valued at Rs. 6,000 Goodwill of DY & Co to be valued at Rs. 15,000 The remaining assets and liabilities to be taken at book value Prepare a Statement of Purchase Consideration from the above information Prepare the books of CX & Co. and DY & Co. to show the amalgamation 4,000 5,000 20,000 7,500 28,500 10,000 75,000