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प्रश्न
X and Y are partners in a firm with Capitals of ₹ 3,00,000 and ₹ 2,00,000, respectively. They were sharing profits in the ratio of 2 : 1. They admitted Z as a new partner. The new profit sharing ratio will be 3 : 2 : 1.
The following balances appeared in their books:
| ₹ | |
| General Reserve | 90,000 |
| Profit & Loss A/c (Dr. Balance) | 36,000 |
| Advertisement Suspense Account | 6,000 |
| Stock | 3,60,000 |
You are informed that the stock is overvalued by 20%. Balance of X’s Capital Account after all adjustments will be:
विकल्प
₹ 2,84,000
₹ 2,92,000
₹ 2,88,000
₹ 2,94,000
MCQ
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उत्तर
₹ 2,92,000
Explanation:
| Particulars | Amount (₹) | Amount (₹) |
| General Reserve | 90,000 | |
| Less: Profit & Loss (Dr.) Balance | 36,000 | 1,02,000 |
| Less: Advertisement Suspense Account Loss on Revaluation | 6,000 | |
| Less: Actual Value of Stock | 60,000 | |
| Net Loss to be Debited to Capital Accounts | (12,000) |
Actual Value of Stock = `3,60,000 xx 100/120`
= ₹ 3,00,000
= 3,60,000 − 3,00,000
= ₹ 60,000
X’s share of Loss = `12,000 xx 2/3`
= ₹ 8,000
Balance of X’s Capital A/c = 3,00,000 − 8,000
= ₹ 2,92,000
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