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A and B are partners sharing …

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A and B are partners sharing profits in the ratio of 2:3. Their balance sheet shows machinery at ₹200000 ,stock ₹80000 and debtors at ₹160000. C is admitted and the new profit sharing ratio is 6: 9:5 . Machinery is revalued at ₹140000, provision is made for doubtful debts @ 5%. A's share in loss on revaluation amount to 20000 . Revalued value of stock will be.

Posted by Gungun Pandey 3 years ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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