A and B dissolve their partnership. Their position as at 31st March, 2018 was: Particulars A's...

 

Transcribed Image Text:

A and B dissolve their partnership. Their position as at 31st March, 2018 was: Particulars A's Capital B's Capital Rs. 25,000 15,000 Sundry Creditors 20,000 Cash in Hand and at Bank 750 the firm stood at Rs. 10,000. The realisation expenses amounted to Rs. 350. Stock realised Rs. 20,000 and Debtors Rs. 25,000. B took a machine at the agreed valuation of Rs. 7,500. Other fixed assets realised Rs. 20,000. You are required to close the books of the firm. The balance of A's Loan Account to A and B dissolve their partnership. Their position as at 31st March, 2018 was: Particulars A's Capital B's Capital Rs. 25,000 15,000 Sundry Creditors 20,000 Cash in Hand and at Bank 750 the firm stood at Rs. 10,000. The realisation expenses amounted to Rs. 350. Stock realised Rs. 20,000 and Debtors Rs. 25,000. B took a machine at the agreed valuation of Rs. 7,500. Other fixed assets realised Rs. 20,000. You are required to close the books of the firm. The balance of A's Loan Account to

Answer rating: 100% (QA)

Realisation Account Particulars Amount Particulars Amount To Sundry Assets working notes 69250 By Su... View the full answer