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प्रश्न
Following is the Balance Sheet of Shashi and Ashu sharing profits as 3 : 2.
| Liabilities | ₹ | Assets | ₹ | ₹ |
| Creditors | 1,80,000 | Debtors | 2,20,000 | |
| General Reserve | 2,50,000 | Less: Provision for Doubtful Debts | 10,000 | 2,10,000 |
| Workmen's Compensation Reserve | 1,50,000 | Land & Building | 1,80,000 | |
| Capital: | Plants & Machinery | 1,20,000 | ||
| Shashi | 1,50,000 | Stock | 1,10,000 | |
| Ashu | 1,00,000 | Bank | 2,10,000 | |
| 8,30,000 | 8,30,000 |
On admission of Tanya for 1/6th share in the profits it was decided that:
- Provision for doubtful debts to be increased by ₹ 15,000.
- Value of land and building to be increased to ₹ 2,10,000.
- Value of stock to be increased by ₹ 25,000.
- The liability of workmen's compensation claim was determined to be ₹ 1,20,000.
- Tanya brought in as her share of goodwill ₹ 1,00,000 in cash.
- Tanya was to bring further cash of ₹ 1,50,000 for her capital.
Prepare Revaluation A/c, Capital Alcs and Balance Sheet of the new firm.
खातेवही
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उत्तर
| Revaluation Account | ||||
| Particulars | Amount (₹) | Amount (₹) | Particulars | Amount (₹) |
| To Provision for Doubtful Debts | 15,000 | By Land & Building (2,10,000 − 1,80,000) | 30,000 | |
| To Profit transferred to Capital A/cs: | By Stock | 25,000 | ||
| Shashi (`40,000 xx 3/5`) | 24,000 | |||
| Ashu (`40,000 xx 2/5`) | 16,000 | 40,000 | ||
| Total | 55,000 | Total | 55,000 | |
| Partners' Capital Accounts | |||||||
| Particulars | Shashi (₹) | Ashu (₹) | Tanya (₹) | Particulars | Shashi (₹) | Ashu (₹) | Tanya (₹) |
| To Balance c/d | 4,02,000 | 2,68,000 | 1,50,000 | By Balance b/d | 1,50,000 | 1,00,000 | - |
| By General Reserve 3 : 2 | 1,50,000 | 1,00,000 | - | ||||
| By Workmen's Comp. Reserve | 18,000 | 12,000 | - | ||||
| By Revaluation A/c (Profit) | 24,000 | 16,000 | - | ||||
| By Premium for Goodwill | 60,000 | 40,000 | - | ||||
| By Bank A/c | - | - | 1,50,000 | ||||
| Total | 4,02,000 | 2,68,000 | 1,50,000 | Total | 4,02,000 | 2,68,000 | 1,50,000 |
| Balance Sheet of the New Firm | |||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) | Amount (₹) |
| Creditors | 1,80,000 | Land & Building | 2,10,000 | ||
| Workmen's Compensation Claim | 1,20,000 | Plants & Machinery | 1,20,000 | ||
| Capital Accounts: | Stock (1,10,000 + 25,000) | 1,35,000 | |||
| Shashi | 4,02,000 | Debtors | 2,20,000 | ||
| Ashu | 2,68,000 | Less: Provision (10,000 + 15,000) | (25,000) | 1,95,000 | |
| Tanya | 1,50,000 | 8,20,000 | Bank (2,10,000 + 1,00,000 + 1,50,000) | 4,60,000 | |
| Total | 11,20,000 | Total | 11,20,000 | ||
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