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if total assets of the firm are Rs1200000 and total liabilities are Rs 240000 what will the capitals of p,q,r if they share profits in the ratio of their capitals and profit sharing ratio is 1:2:3?

    • Posted by Kundân Yadav 5 years, 4 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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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 3 months, 3 weeks 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 Srishti Arya 1 year, 2 months ago

    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    • Posted by Mahi . 1 year, 5 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 Palak Sharma 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Mohd Aman Mansoori 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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