Ques. L, M, and N entered into a partnership on 1st July 2017 sharing profits and losses in the ratio 4:3:3. Their capitals were Rs 60,000, Rs 40,000 and Rs 30,000 respectively. They decided to dissolve on 30th June 2018, on which date their position was:
Bank Rs 7000; Drs Rs 40,000; B/R Rs 5,500; Stock Rs 43,000; Furniture Rs 2,500; Crs Rs 15,000 and B/P Rs 5,000.
L took over Drs at 25% discount and took over the liabilities of the payment to creditors. M took over stock at Rs 13,000. N takes B/R at Rs 5,000 and furniture at 12% depreciation. B/P were due after 2 months. As such, a rebate of 18% p.a. was received on their payment.
10% p.a. interest is to be credited to each partner on his capital. Prepare necessary accounts.

Dear student
your question seems to be incomplete.As balance sheet liability side or asset side will not be equal according to the given information.if balance sheet is not equal then bank account would not be tallied at the  last.
2) we can solve this question by preparing memorandum of balance sheet, but in that case also. some value of realised asset should be given in the question
Kindly recheck your question and post it again.So, that our expert can help you in an appropriate manner.Looking forward to hear again from you!
Regards  

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