Pls solve this fast pls

Pls solve this fast pls 8) Following is the Balance sheet of Aruna, Karuna and Varuna as at 31" March, 2016, who have agreed to share profits and losses in proportion of their capitals: Balance sheet of Aruna, Karuna and Varuna as at 3 1st March, 2016 4488025 4489002 Web: PO 46492. Aim Ohabi. Abu Dhabi Indian School Liabilities Capital A/cs: Aruna V aruna General Reserve 2.00.ooo 35,000 15,000 50,000 Assets Land and Building Machinery Closing Stock Sundry Debtors Less: Provision for doubtful debts Cash at bank 1, 10,000 Workmen Compensation Reserve Sundry Creditors On 3 Isa March, 2016, Aruna desired to retire from the firm and the remaining partners decided to carry on the business. It was agreed to reevaluate the assets and reassess the liabilities on the following basis: 11. v. VI. Land and Building to be appreciated by 30%. Machinery be depreciated by 20%. There were bad debts 7,000. The claim on account of workmen compensation was determined at 0,000. Goodwill of the firm was valued at RI ,40,000 and Aruna's share of goodwill be adjusted against the Capital Accounts Of the continuing partners Karuna and Varuna Who have decided to share future profits in the ratio of4:3 respectively. Capital of the new firm in total will be the same as before the retirement of Aruna and will be in the new profit-sharing ratio of the continuing partners. vii. Amount due to Aruna be settled by paying in cash and the balance by transferring to her Loan Account which will be paid later on. Prepare Revaluation Account, Capital Accounts of the partners and the Balance Sheet Of the new firm.

Dear Student,
Revaluation Account
Particulars Amount (Rs) Particulars Amount (Rs)
Machinery A/c 60,000 Land & Building A/c 60,000
Bad Debts A/c (17,000 – 10,000) 7,000 Loss transferred to:  
   
Aruna’s Capital A/c
2,000  
   
Karuna’s Capital A/c
3,000  
   
Varuna’s Capital A/c
2,000 7,000
  67,000   67,000
       
 
Partners’ Capital Accounts
Dr.   Cr.
Particulars Aruna Karuna Varuna Particulars Aruna Karuna Varuna
Revaluation A/c 2,000 3,000 2,000 Balance b/d 2,00,000 3,00,000 2,00,000
Aruna’s Capital A/c 20,000 20,000 General Reserve A/c 10,000 15,000 10,000
Bank A/c 50,000 Workmen Compensation Fund A/c 2,000 3,000 2,000
Aruna’s Loan A/c 2,00,000 Karuna’s Capital A/c 20,000
Balance c/d 4,00,000 3,00,000 Varuna’s Capital A/c 20,000
        Bank A/c
(Balancing Figure)
  1,05,000 1,10,000
  2,52,000 4,23,000 3,22,000   2,52,000 4,23,000 3,22,000
               
 
Bank Account
Particulars Amount (Rs)   Amount (Rs)
Balance b/d 1,00,000 Aruna’s Capital A/c 50,000
Karuna’s Capital 1,05,000 Balance c/d 2,65,000
Varuna’s Capital 1,10,000    
  3,15,000   3,15,000
       
 
Balance Sheet
as on March 31, 2016
Liabilities Amount (Rs) Assets Amount (Rs)
Capital A/cs:   Land & Building 2,60,000
Karuna
4,00,000   Machinery 2,40,000
Varuna
3,00,000 7,00,000 Debtors 1,10,000  
Aruna’s Loan 2,00,000
Less: Bad Debts
17,000 93,000
Workmen Compensation Fund 8,000 Stock 1,00,000
Creditors 50,000 Bank 2,65,000
  9,58,000   9,58,000
       

Working Notes:

WN 1: Calculation of Goodwill

Aruna's Goodwill = 1,40,000 × 27= Rs 40,000   

WN 2: Calculation of Gaining Ratio

Karuna = 47 - 37 = 17 Varuna = 37 - 27 = 17 Gaining ratio = 1: 1

WN 3:  Calculation of New Capital

Total Capital of New Firm= 7,00,000 Karuna's Capital = 7,00,000 × 47 = Rs 4,00,000Varuna's Capital = 7,00,000 × 37 = Rs 3,00,000

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