send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Please specify
Please verify your mobile number
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
A, B and C are partners sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2019, their Balance Sheet was:
Liabilities
Amount
( )
Assets
Creditors
64,000
Cash
18,000
Bills Payable
22,000
Bills Receivable
14,000
General Reserve
Stock
44,000
Capital A/cs:
Debtors
42,000
A 36,000
Machinery
94,000
B 44,000
Goodwill
20,000
C 52,000
1,32,000
2,32,000
They admit D into partnership on the following terms:
The partners decided to use 10% of the profits every year in providing drinking water in schools, where required. Prepare Revaluation Account, Partners' Capital Accounts, Cash Account and Balance Sheet of the new firm.
By: NIHARIKA WALIA ProfileResourcesReport error
Access to prime resources