Question no 43 of TS Grewal. in this the bank balance in the answer is given 2,350 instead of 2,750 why ?

Revaluation Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Stock (4,000 × 6%)

240

Factory Building (12,500 × 20%)

2,500

Provision for Doubtful debts (125 – 50)

75

Reserve for Legal Charges

385

Profit transferred to Capital A/c:

A

800

B

600

C

400

2,500

2,500

Partners’ Capital Accounts

Dr.

Cr.

Particulars

A

B

C

Particular

A

B

C

B’s Capital (Goodwill)

1,200

600

Balance b/d

10,000

7,500

5,000

Revaluation

800

600

400

B’s Loan

9,900

A’s Capital (Goodwill)

1,200

C’s Capital (Goodwill)

600

Balance c/d

9,600

4,800

10,800

9,900

4,800

10,800

9,900

5,400

Bank

267

133

Balance

9,600

4,800

Balance c/d (adjusted)

9,333

4667

9,600

4,800

9,600

4,800

Balance Sheet

as on March 31,2012 after Y’s retirement

Liabilities

Amount

Rs

Assets

Amount

Rs

Bills Payable

1,000

Bank Balance

2,350

Sundry Creditors

2,450

Debtors

2,500

Reserve for Legal Charges

385

Less: 5% Provision for Doubtful debts

(125)

2,375

B’s Loan

9,900

Stock (4,000 – 240)

3,760

Capital A/c

Plant and Machinery

4,250

A

9,333

Factory Building (12,500 + 2,500)

15,000

C

4,667

14,000

27,735

27,735

Bank Account

Dr.

Cr.

Particulars

Amount

Rs

Particular

Amount

Rs

Balance b/d

2,750

A’s Capital 

267

B’s Capital 

133

Balance c/d

2,350

2,750

2,750