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On 1st april 2018 A,B and …

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On 1st april 2018 A,B and C commenced business in partnership sharing p/l in the ratio 3:2:1. They paid into their bank A/c as their capitals ₹22000;₹10000 by A,₹7000 by B and ₹5000 by C.During the year they drew ₹5,000;being ₹1,900 by A₹1,700by B and balance by C On march 31 2019 they dissolved the firm A takes stock at a agreed valuation of ₹5000 B taking up furniture at 2000 and C taking up debtors at ₹3000. After paying up their creditors there remained a balance of ₹1000 at bank. Prepare necessary ledger accounts showing the distribution of the cash at bank and of the furthur cash brought in by partners as the case required

Posted by Shreyansh Jain 3 years, 10 months ago

CBSE > Class 12 > Accountancy

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