Subject: Accountancy, asked 6 days, 3 hours ago

## A, B and Care in partnership sharing profits in the ratio of 3: 2:1. On 28th 2017 C retires from the firm. Their Balance Sheet as at that date was as February. follows: Assets Sundry Creditors 1,20,000 Outstanding Expenses 10,000 PRofit & Loss Account 1,50,000 Capital Accounts: A 500000 B 300000 C 200000= 1000000 Total 12,80,000 Liabilities: Stock: 2,50,000 Investments: 3,00,000 Fixed Assets: 5,40,000 Bank: 25,000 Debtors:1,65,000 Total 12,80,000 The following was agreed upon: (1) Goodwill of the firm is valued at 1,50,000. C sells his share of goodwill to A and B in the ratio of 4: 1. (ii) Stock is revalued at 3,00,000 and debtors are revalued at 1,50,000. (iii) Outstanding expenses be brought down to 3,000. (iv) Investments are sold at a loss of 10%. (v) C is paid off in full. Prepare Revaluation Account, Capital Accounts and the Balance Sheet of the new firm.

Subject: Accountancy, asked 6 days, 5 hours ago

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Subject: Accountancy, asked 6 days, 6 hours ago

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Subject: Accountancy, asked 6 days, 22 hours ago

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Subject: Applied Mathematics, asked 6 days, 23 hours ago

## Why cant the answer be D? A makes sense cause both sides are equal but arent both the sides of equation D equal as well?

Subject: Accountancy, asked 1 week ago

## (b) ?1,000 for salaries is outstanding. (c) Building stands in the books at ?50,000 and it is required to write off depriciation at 5% p.a. (d) Interest on investments is accrued for 5 months. Answer - excess of income over expenditure ?21,150 ? How. Pls help me in making income and expenditure a/c

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Subject: Applied Mathematics, asked 1 week ago

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Subject: Applied Mathematics, asked 1 week, 1 day ago

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