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Fand Qwere partners in a firm …

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Fand Qwere partners in a firm sharing pronts in the ratio of 3:2 On 31 March 2011 (6) their Balance Sheet was as follows Liabilities Creditors Workmen Compensation Fund Capitals Ps Capital Q's Capital Amount Assets 1,00,000 Goodwill 1.60,000 Land and Building Stock Debtors 1,60,000 1,40,000 Bank Amnet 1,60,000 1.60.000 1.20.000 810,000 40,000 5.60.000 3,60,000 On the above date the firm was dissolved. (1) Creditors agreed to take over Land and Building at a valuation of their full claim (1) Stock was taken over by Q at Rs 1,00,000 for cash (H) Bad debts proved Rs.10,000 (iv) Goodwill was found valueless (v) Workmen Compensation claim was Rs. 1,60,000 Prepare Necessary Accounts

Posted by Bhumika Kalita 1 year, 4 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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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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