Page 159 - VIRANSH COACHING CLASSES

Dr. Partners Capital Account Cr.

Particulars Narmada Godavari Kaveri Particulars Narmada Godavari Kaveri
(`) (`) (`) (`) (`) (`)
To Loan A/c 10,528 16,352 By Balance b/d 28,000 28,000
To Balance c/d 21,600 14,400 12,000 By Goodwill A/c 2,400 1,600
By Bank A/c 12,000
By P & L Adj. A/c 1,728 1,152
(Profit)
32,128 30,752 12,000 32,128 30,752 12,000

Balance Sheet as on 1.4. 2019

Particulars Amt (`) Amt (`) Particulars Amt (`) Amt (`)
Capital A/c : Building 20,000

Narmada 21,600 Add: Appreciation 4,000 24,000
Godavari 14,400 Machinery 28,000

Kaveri 12,000 Less : Depreciation 2,800 25,200
Loan A/c : Furniture 1,200

Narmada 10,528 Less: Depreciation 120 1,080
Godavari 16,352 Stock 16,400
Creditors 49,600 Add: Appreciation 3,600 20,000

Debtors 36,000
Less R. D.D 1,800 34,200

Cash at Bank 20,000
1,24,480 1,24,480

10 : Kabir and Reshma are partners in a firm sharing profits and losses in the ratio of 4:1.
st
Their Balance Sheet as on 31 March, 2019 is as follows.
st
Balance Sheet as on 31 March 2019
Galiabilities Amt ` Amt ` Assets Amt ` Amt `
Capitals :
Kabir 1,05,000 Goodwill 66,000

Reshma 75,000 Sundry Debtors 30,000
General Reserve 30,000 Less: RDD 3,000 27,000
Profit and Loss A/c 6,000 Land and Building 1,00,000
Creditors for goods 48,000 Bank 83,000
Creditors for expenses 12,000
2,76,000 2,76,000

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