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Q. 20. Alfa arid Beta were partners in a firm. They were trading in artificial limbs.
On 1st april 2013 they admitted Gama,  a goad friend oF beta into the partnership. Gama lost his one
hand in an accident and Alfa an d beta dccided to give one artilifical hand free of cost to Gama . Their Balance sheet of Alfa and beta as on 31 mar 2013 was as follows; 

 

Liablities Rs Assets Rs.
Capital :    Cash in hand  100000
Alfa  500000 Plant and Machinery 386000
Beta  600000 Stock 200000
Outstanding Expenses 30000 Debtors  800000
Workmen's compensation Fund 56000 P & L A/c  40000
Creditors 300000    
Provision for Doubtful Debts 40000    
  1526000   1526000
Gam a was admitted in the firm on the following terms:
(i) Gama will bring In 4,00,000 as his share of capital but he was unable to bring any amount for goodwill.
(ii) The new profit sharing ratio between Alfa. Beta and Gama will be 3 :2 : 1.
(iii) GAMA on account of Workmen’s Compensation was Rs. 3 0,000,
(iv) To write off bad debts amounting to Rs. 40,000.
(v) Creditors were paid 20,000 more.
(vi) Outstanding expenses be brought down to 12,000
(vii) ‘ 20.000 be provided for an unforeseen liability.
(viii) Goodwill of the firm was valued at 1,80, 000 

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is creditor were paid off
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320000 kese Aya plz btao
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Answer
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Alfa beta were partner in a firm

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Alfa beta are partner in a firm
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Type your question student-nameMihir asked in Accountancy Q. 20. Alfa arid Beta were partners in a firm. They were trading in artificial limbs. On 1st april 2013 they admitted Gama, a goad friend oF beta into the partnership. Gama lost his one hand in an accident and Alfa an d beta dccided to give one artilifical hand free of cost to Gama . Their Balance sheet of Alfa and beta as on 31 mar 2013 was as follows; Liablities Rs Assets Rs. Capital : Cash in hand 100000 Alfa 500000 Plant and Machinery 386000 Beta 600000 Stock 200000 Outstanding Expenses 30000 Debtors 800000 Workmen's compensation Fund 56000 P & L A/c 40000 Creditors 300000 Provision for Doubtful Debts 40000 1526000 1526000Gama was admitted in the firm on the following terms: (i) Gama will bring In 4,00,000 as his share of capital but he was unable to bring any amount for goodwill. (ii) The new profit sharing ratio between Alfa. Beta and Gama will be 3 :2 :1. (iii) GAMA on account of Workmen’s Compensation was Rs. 30,000, (iv) To write off bad debts amounting to Rs. 40,000. (v) Creditors were paid 20,000 more. (vi) Outstanding expenses be brought down to 12,000 (vii) ‘ 20.000 be provided for an unforeseen liability. (viii) Goodwill of the firm was valued at 1,80,000
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you will get the answer at learncbse.in
 
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Please find this answer

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Q4. Alfa and Beta were partners in a firm. They were trading in artificial limbs. On 1st April, 2013 they admitted Gama, a good friend of Beta into the partnership, Gama lost his one hand in accident and Alfa and Beta decided to give one artificial hand free of cost to Gama. The balance sheet of Alfa and Beta as at 31st March, 2013 was as follows. Gama was admitted in the firm on the following terms: (i) Gama will bring Rs. 4,00,000 as his share of capital, but he was unable to bring any amount for goodwill. (ii) The new profit sharing ratio between Alfa, Beta and Gamma will be 3 : 2 : 1. (iii) Claim on account of workmen compensation was Rs. 30,000. (iv) To write off bad debts amounted to Rs. 40,000. (v) Creditors were paid Rs. 20,000 more. (vi) Outstanding expenses be brought down to Rs. 12,000. (vii) Rs. 20,000 be provided for an unforeseen liability. (viii) Goodwill of the firm was valued at Rs. 1,80,000. Prepare revaluation account, capital accounts of partners and the opening
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Alfa and beta were patners in the firm they were trading
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Answer of ques 14 in this image

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