Question 21 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 4 of +2- Part-

Question 21 Chapter 4 of +2-Part-1 21. (Revaluation account) Prepare revaluation account of a firm of partner A and B:Creditors gave up claim Rs.4,000; Bills payable reduced by Rs.2,000; Salary outstanding not yet recorded in the books Rs.500; Building Rs.1,00,000 Read More …

Question 20 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 4 of +2- Part-

Question 20 Chapter 4 of +2-Part-1 20. (Revaluation account) A, B and C are partners in 3:2:1 ratio. On 31st March, 2018 the following revaluation were made:Furniture Rs.25,000, revalued at Rs.22,000; Stock Rs.10,000, revalued at Rs.4,000; Debtors Rs.40,000, Provision required Read More …

Question 18 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 4 of +2- Part-

Question 18 Chapter 4 of +2-Part-1 18. (Treatment of Workmen Compensation Reserve) X, Y and Z are partners in 2:3:1 ratio. The new ratio will be 1:2:3. Extract of the balance sheet was followed: Liabilities Amount Workmen Compensation Reserve 30,000 Read More …