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Poonam and Sonam were partner in …

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Poonam and Sonam were partner in a firm sharing profit in 3:2 there balance sheet on 31 march 2007 was as follows creditors 30000 general reserve 18000 bills payable 5000 capital acc Poonam 40000 Sonam 35000 assets cash 27000 stock 30000 debtor 48000 less provision 4800 patents 7400 building 20400 manu is admitted into partnership giving her 1\5 share of profit Manu is to bring 30000 as her capital goodwill of the firm to be valued at 50000 stock to be reduced by 10% and provision bad debts reduced by 2400 patent to be valued less there was a claim against the firm against damages amounting to be 200 0£ the claim has been now been accepted prepare revaluation ACC partners capital balance sheet

Posted by Bhavana Sharma 1 year, 1 month 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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CBSE > Class 12 > Accountancy

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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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