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Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries?.

Solutions for Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.

Here you can find the meaning of Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries? defined & explained in the simplest way possible. Besides giving the explanation of Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries?, a detailed solution for Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries? has been provided alongside types of Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries? theory, EduRev gives you an ample number of questions to practice Balance Sheet of "Sindhudurg Traders" Malvan is a follows. The partnerm profits and losses as Amol 5/10, Amit 2/10 and Atul 3/10.Balance Sheet as on 31st March 1995LiabilitiesAmount Rs.AssetsAmount Rs.Creditors15,200Cash in hand2,400General Reserve 14,000 Debtors: 12,800Capital A/c's:Less: R.D.D. 800 Stock12,000Amol32,00026,400Amit24,000Plant and Machinery 28,000Atul19,600 Factory Building36,000 1,04,8001,04,800Amit retires from the business on 1 April 1995 on the following terms.A) The assets are revalued as under: - (i) Stock at Rs. 24,000 (ii) Factory building is appreciated by 10% (iii) Reserve and doubtful debts is to be increased upto Rs. 1,000 (iv) Plant and Mdepreciated by 10%B) The Goodwill of the retiring partner is valued at Rs. 6,400 and the remaining decide that goodwill be written back in their new profit sharing ratio which will B C) Amit be paid Rs. 840 in cash on his retirement and the balance is to be transhis loan account. Prepare: (1) Profit and Loss adjustment Account (2) Capital Accounts of par Balance Sheet of the new firm. (Oct. 1996, 1997, March 1988, 2005) Ans:- Loss on P/L adj. A/c -1,800; Capital A/c: Amol - 34,100; Atul - 20,860; Amit32,000; Cash A/c Balance - 1,560; New B/S Total 1,02,160/ Related: Journal entries? tests, examples and also practice Class 12 tests.