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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 4,00,000; stock at 1,60,000 and Debtors at 3,20,000. C is admitted and new profit sharing ratio is agreed at 6:9:5. Machinery is revalued at 3,40,000 and a provision is made for doubtful debts. @ 2.5%. A's share in loss on revaluation amount to 20,000. Revalued value of stock will be:

Posted by Himanshu Gupta 4 years 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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