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General Reserve=10000,Workmen compensation Reserve=10000,Investment Fluctuation Reserve=20000,P/L(credit …

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General Reserve=10000,Workmen compensation Reserve=10000,Investment Fluctuation Reserve=20000,P/L(credit bal)=20000,P/L(Debit bal)=10000,Advestment Suspenses=10000.A,B,C are partner sharing profit in the ratio 3:3:1.The new prfit sharing ratio is 3:3:3:1.Past ajustment entry

Posted by Shashank Gupta 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Rao and Majumdar are partners sharing profits and losses in the ratio of 3: 2. Rao died on 31st December, 2020. The following was the Balance Sheet on that date: Payment to Executors in Instalments Liabilities Amount Assets Amount ed on 281 Creditors Reserve Rao's Capital Majumdar's Capital 24,000 Cash at Bank 15,000 Stock 18,000 40,000 Amount 18,000 25,000 Debtors Furniture 20,000 35,000 The share of Rao in firm's goodwill was agreed at 36,000. Assets and liabilities were valued reasonably. Assuming that 10,000 was paid immediately on January 1, 2021 and the balance was payable in three equal instalments on 31st December every year and interest was payable @ 12% per annum on unpaid balance. Prepare Rao's Executor's Account.

Posted by Palak Kumari 6 months, 3 weeks ago

CBSE > Class 12 > Accountancy

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B and C are partner sharing profit in the ratio 3 2. Goodwill appears in the book at Rs3000 DIs admitted into partnership on payment of 2000 for 1/4, share as goodwill .B and C between themselves.Sharing future profit and loses equally given journal.

Posted by Palak Sharma 1 year, 8 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Munni Lal 1 year, 8 months ago

CBSE > Class 12 > Accountancy

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