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Benu and Sunil are partners sharing profits in the ratio of 3:2. on April 1, 2021. ma was admitted for 1/4th share who paid rs2,00,000 as capital and rs 1,00,000 for premium in cash. At the time of admission, Profit and Loss Account amounting to T60,000 appeared on the assets side of the balance sheet. For the distribution of accumulated losses, Benu and Sunil's Capital accounts will be respectively.
credited by rs24,000 and rs36,000
debited by rs24,000 and rs36,000
debited by rs36,000 and rs24,000
debited by rs30,000 and rs30,000
- The Profit and Loss Account showing Rs 60,000 as a loss on the asset side needs to be distributed among the partners.
- Benu and Sunil share profits and losses in the ratio of 3:2.
- Benu's share of the loss is \( \frac{3}{5} \times 60,000 = 36,000 \).
- Sunil's share of the loss is \( \frac{2}{5} \times 60,000 = 24,000 \).
- The accumulated loss will reduce their capital accounts.
Option:3, debited by Rs36,000 and Rs24,000 is correct.
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