Q. 46. Ayushi and Shristhi are …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Q. 46. Ayushi and Shristhi are partners sharing profits in 3 : 2. Their Balance
Sheet showed Stock at ₹3,10,000; Machinery at ₹4,95,000; Debtors at ₹6,00,000; Creditors at ₹3,47,000. They admit Tina as a partner and new profit sharing ratio is agreed at 4: 3: 2. Following terms were agreed :
(1) Machinery is overvalued by 10%.
(ii) Unrecorded debtors of ₹20,000 be brought into books and provision for doubtful debts be created at 10%.
(iii) Creditors of ₹27,000 are not likely to be paid.
Shristhi's share in loss on revaluation amounted to ₹36,000. You are required to calculate the revalued value of stock
Posted by Shashank Shukla 2 months, 1 week ago
- 0 answers
ANSWER
Related Questions
Posted by Tanishk Kabra 2 months, 3 weeks ago
- 0 answers
Posted by Mohd Aman Mansoori 2 months, 2 weeks ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app