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X,Y and Z are in partnership …

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X,Y and Z are in partnership sharing profits and losses in the ratio of 3:2:1. X retires from the firm on 1st April, 2015 when his capital account shows a credit balance of rupees 85,100 after the necessary adjustments. X is to be paid rupees 25,100 by cheque immediately on retirement and the balance in three annual instalments together with interest @5% p.a. on diminishing balance. Show the necessary ledger accounts.

Posted by Kusum Yadav 6 years, 2 months ago

CBSE > Class 12 > Accountancy

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Paras Tehlan 6 years, 2 months ago

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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