Day - 136 | Solution of Question 44 Retirement of a Partner Chapter 6 Accounts class 12 PSEB

Teacher:- Mr. Sarbjit Singh
Video Editor:- Mr. Kuljeet Singh

Question No. 44:
44. (Revaluation A/c/Partner's Capital A/c) A, B and C are partners sharing in 3: 2:1.Their balance sheet is as under:
B retired on following terms
(i) Provision for doubtful debts raised by Rs. 1,000.
(ii) Stock depreciated by 10% and furniture by 5%.
(iii) Provide for outstanding claim Rs. 1,100.
(iv) Creditors will be written back by Rs. 6,000.
(v) Goodwill of the firm valued at Rs. 24,000.
(vi) B is paid in full with cash brought in by A and C in such a manner that their capital are in ratio of their profit ratio which is 3 : 2 and cash remains in hand Rs. 10,000.
Prepare ledger A/c's.

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