Ativ, Meha and Nupur were partners sharing profits and losses in the ratio of 5 : 3 : 2. On 31-3-2016, their Balance Sheet was as under: Liabilities Amount (Rs.) Assets Amount (Rs.) Trade creditors 26,500 Bank 25,000 Employees’ Provident Fund 23,500 Debtors 30,000 Ativ’s capital 1,00,000 Stock 55,000 Meha’s capital 50,000 Fixed assets 1,20,000 … Read more
A, B & C were partners in a firm sharing profits & losses in proportion to their fixed capitals. Their Balance Sheet as at March 31, 2017 was as follows: Balance Sheet as at March 31, 2017 Liabilities Amount (Rs.) Assets Amount (Rs.) Capitals: Bank 21,000 A … Read more
A, B and C were partners in a firm. Their Balance Sheet as at 31st March, 2019 was as follows: Balance Sheet of A, B and C as at 31st March, 2019 Liabilities Amount (Rs.) Assets Amount (Rs.) Bill payable 20,000 Bank 20,000 Creditors 40,000 Furniture 28,000 General Reserve 30,000 Stock 20,000 Workmen … Read more
Prem, Kumar and Aarti were partners sharing profits in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2019 was as under: Balance Sheet of Prem, Kumar and Aarti as at 31st March, 2019 Liabilities Amount (Rs.) Assets Amount (Rs.) Capitals : Building 25,000 Prem … Read more