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Q.4. A, B and C who …

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Q.4. A, B and C who were sharing profits and losses in the ratio of 4:3:2 decided to share the future profits and losses in the ratio to 2:3:4 with effect from 1st April 2023. An extract of their Balance Sheet as at 31st March, 2023 is: Assets Amount (*) 65,000 Liabilities Workmen Compensation Reserve At the time of reconstitution, a certain amount of Claim on workmen compensation was determined for which B's share of loss amounted to ₹ 5,000. The Claim for workmen compensation would be: (i) 15,000 (ii) 70,000 (iv) 180,000 (iii) ₹50,000

Posted by Sridha Patel 9 months, 1 week ago

CBSE > Class 12 > Accountancy

1 answers

Chiranjiv Singhi 9 months, 1 week ago

70000

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