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On 1st jan 2015, puneet ,salman …

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On 1st jan 2015, puneet ,salman and tushar started business sharing profits and losses in the ratio 5:3:2 respectively.they contributed 160000,128000 & 64000 respectively which was deposited into bank. Each partner withdrew 12000 during the year, due to dumping hazardous materials into the river,the court ordered for dissolution of the firm,firm dissolved on 31 dec 2015. Puneet took over stock at an agreed price of 60000, salman took over furniture of price 48000 and tushar took over debtor at 14800. Creditors paid off and there remained a balance of 56000 in the bank account. Prepare ledger account to show closure of the book of the firm

Posted by Shreya Tripathi 6 years, 2 months ago

CBSE > Class 12 > Accountancy

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Sushmoy Barua 6 years, 2 months ago

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