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प्रश्न
Nardeep, Hardeep and Gagandeep were partners in a firm sharing profits in 2:1:3 ratio. Their Balance Sheet as on 31.3.2015 was as follows
Balance Sheet of Nardeep,Hardeep and Gagandeep as on 31-3-2015
| Liabilities |
Amount Rs |
Assets |
Amount Rs |
|
Creditors Bills Payable General Reserve Capitals Nardeep 2,00,000 Hardeep 1,00,000 Gagandeep 50,000 |
1,00,000 40,000 60,000
3,50,000 |
Land Building Plant Stock Debtors Bank
|
1,00,000 1,00,000 2,00,000 80,000 60,000 10,000
|
| 5,50,000 | 5,50,000 |
From 1-4-2015 Nardeep, Hardeep and Gagandeep decided to share the future profits equally. For this purpose it was decided that
(a) Goodwill of the firm be valued at Rs 3, 00,000.
(b) Land be revalued at Rs 1, 60,000 and building be depreciated by 6%.
(c) Creditors of Rs 12,000 were not likely to be claimed and hence be written off.
Prepare, Revaluation Account, Partners Capital Accounts and the Balance Sheet of the reconstituted firm.
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उत्तर
Revaluation Account
Dr. Cr
| Particulars |
Amount Rs |
Particulars |
Amount Rs |
|
Building A/c
Revaluation Profit Nardeep 22,000 Hardeep 11,000 Gagandeep 33,000 |
6,000
66,000 |
Land A/c
Creditors A/c
|
60,000
12,000
|
| 72,000 | 72,000 | ||
Partner’s Capital Account
Dr. Cr.
| Particulars |
Nardeep Rs |
Hardeep Rs |
Gagandeep Rs |
Particulars |
Nardeep Rs |
Hardeep Rs |
Gagandeep Rs |
|
Gagandeep’s Capital A/c
Balance c/d
|
2,42,000 |
50,000
71,000 |
1,63,000 |
Balance b/d R/V Profit General Reserve Hardeep’s Capital A/c |
2,00,000 22,000
20,000
|
1,00,000 11,000
10,000
|
50,000 33,000
30,000
50,000 |
|
2,42,000 |
1,21,000 |
1,63,000 |
2,42,000 |
1,21,000 |
1,63,000 |
||
Balance Sheet
| Liabilities |
Amount Rs |
Assets Rs |
Amount Rs |
|
Capital Nardeep 2,42,000 Hardeep 71,000 Gagandeep 1,63,000
Creditors 1,00,000 Less : Written off 12,000
Bills payable
|
4,76,000
88,000 40,000 |
Land 1,00,000 Add :Increase 60,000 Building 1,00,000 Less : Dep 6,000
Plant Bank Stock Debtors |
1,60,000
94,000
2,00,000 10,000 80,000 60,000 |
| 6,04,000 | 6,04,000 |
Working Notes
Old Ratio New Ratio
2:1:3 1:1:1
S/R of Nardeep = Old Ratio - New Ratio= `2/6-1/3=0/6`
S/R of Hardeep = Old Ratio - New Ratio= `1/6-1/3=-1/6=>`
S/R of Gagandeep = Old Ratio - New Ratio = `3/6-1/3=1/6=>`
Hardeep will compensate Gagandeep, since he is gaining
Hardeep’s Capital A/c Dr 50,000
To Gagandeep’s Capital A/c 50,000
