हिंदी

Joy and Deb were partners sharing profits and losses in the ratio of 2 : 1. They admitted Gopi into the partnership for a 1/5 share. - Accounts

Advertisements
Advertisements

प्रश्न

Joy and Deb were partners sharing profits and losses in the ratio of 2 : 1. They admitted Gopi into the partnership for a `1/5` share. At the time of Gopi’s admission, Furniture (book value ₹ 2,50,000) was reduced by 40%, and Machinery (book value ₹ 1,50,000) was reduced to 40%.

What was the net decrease in value of assets?

संख्यात्मक
Advertisements

उत्तर

Book value of Furniture =  ₹ 2,50,000

Reduction in Furniture value = `2,50,000 xx 40/100`

= ₹ 1,00,000

Book value of Machinery = ₹ 1,50,000

Reduced to 40% of book value, meaning a decrease of 100% − 40%

= 60%

Reduction in Machinery value = `1,50,000 × 60/100`

= ₹ 90,000

Net decrease = Reduction in Furniture + Reduction in Machinery

Net decrease = ₹ 1,00,000 + ₹ 90,000

= ₹ 1,90,000

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Admission of a Partner - SHORT ANSWER QUESTIONS [पृष्ठ ३.१५२]

APPEARS IN

डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 3 Admission of a Partner
SHORT ANSWER QUESTIONS | Q 33. | पृष्ठ ३.१५२
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×