Advertisements
Advertisements
प्रश्न
Angle and Circle were partners in a firm. Their Balance Sheet showed Furniture at ₹ 2,00,000; Stock at ₹ 1,40,000; Debtors at ₹ 1,62,000 and Creditors at ₹ 60,000. Square was admitted and a new profit-sharing ratio was agreed at 2 : 3 : 5. Stock was revalued at ₹ 1,00,000, Creditors of ₹ 15,000 are not likely to be claimed, Debtors for ₹ 2,000 have become irrecoverable and Provision for doubtful debts is to be provided @ 10%.
Angle’s share in the loss on revaluation amounted to ₹ 30,000. Revalued value of Furniture will be?
पर्याय
₹ 2,17,000
₹ 1,03,000
₹ 3,03,000
₹ 1,83,000
MCQ
Advertisements
उत्तर
₹ 1,83,000
Explanation:
| Dr. | Revaluation A/c | Cr. | |||
| Particulars | Amount (₹) | Amount (₹) | Particulars | Amount (₹) | Amount (₹) |
| To Furniture A/c | 17,000 | By Creditors A/c | 15,000 | ||
| To Stock A/c | 40,000 | By Revaluation Loss Transferred to Capital A/c | 60,000 | ||
| To Debtors A/c | 2,000 | Angle | 30,000 | ||
| To Provision for doubtful Debts A/c | 16,000 | Circle | 30,000 | ||
| 75,000 | 75,000 | ||||
Revalued Value of Furniture = ₹ 2,00,000 – ₹ 17,000
= ₹ 1,83,000
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
