Advertisements
Advertisements
Question
Match the following items:
| (i) | A, B and C are partners sharing profits in 3 : 2 : 1. C retires form the firm. There is workmen compensation reserve appearing in Balance Sheet of ₹ 1,20,000. Claim on account of Workmen Compensation is ₹ 1,20,000. Calculate the amount credited to C for workmen compensation reserve. | (a) | ₹ 5,000 |
| (ii) | A, B and C are partners sharing profits in 3 : 2 : 1. C retires from the firm. There is workmen compensation reserve appearing in Balance Sheet of ₹ 1,20,000. Claim on account of workmen compensation is ₹ 90,000. Calculate the amount credited to C for workmen compensation reserve. | (b) | Nil |
| (c) | ₹ 20,000 |
Match the Columns
Advertisements
Solution
| (i) | A, B and C are partners sharing profits in 3 : 2 : 1. C retires form the firm. There is workmen compensation reserve appearing in Balance Sheet of ₹ 1,20,000. Claim on account of Workmen Compensation is ₹ 1,20,000. Calculate the amount credited to C for workmen compensation reserve. | (b) | Nil |
| (ii) | A, B and C are partners sharing profits in 3 : 2 : 1. C retires from the firm. There is workmen compensation reserve appearing in Balance Sheet of ₹ 1,20,000. Claim on account of workmen compensation is ₹ 90,000. Calculate the amount credited to C for workmen compensation reserve. | (a) | ₹ 5,000 |
shaalaa.com
Is there an error in this question or solution?
