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Question 32 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Posted by By Shubham Sharma 4 Min Read July 12, 2024
Question 32 Chapter 6 of +2- Part
Q-32. - CH-6 - Usha +2 Book 2018 - Solution

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Question 32 Chapter 6 of +2-Part-1

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32.( Revaluation A/c/Capital A/c/ Balance sheet ) A, B and Care in partnership sharing profit in the ratio of 3:2:1. Their Balance Sheets on 31st December, 2018 was under:

Liabilities Rs. Assets Rs. 
A’s Capital 16,000Bank  1,600
B’S Capital 12,000Stock 10,400
C’s capital 10,400Debtors  12,000
Creditors 8,000Machinery9,600
Bills payable 1,600Land & Building 14,400
 48,000 48,000

A retired and the assets of the firm were revalued as under :
Goodwill Rs. 3,200, Stock Rs 9,600, Debtors Rs. 11,200 ;Machinery Rs. 8,800, Land & Building Rs. 17,600.
Creditors to the extent of 2(1/2) % are not likely to claim their dues. Assuming that the above adjustments are duly carried through you are required to prepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of B and C after A’s retirement.

The solution of Question 32 Chapter 6 of +2 Part-1: –

Day - 128 | Solution of Questions 32 to 34 Retirement of a Partner Chapter 6 Accounts class 12 PSEB
Watch this video on YouTube.

Revaluation account
Particulars
AmountParticularsAmount
To stock 800By land & Building A/c 3,200
To debtors 800By creditors 200
To machinery 800   
To profits transferred     
A500    
B333    
C1671,000   
  3,400  3,400
Partners’ Capital Account 
ParticularsA B C ParticularsA B C
To A’s capital A/c 1,067533By Balance b/d16,00012,00010,400
To A’s loan A/c18,100  By Revaluation A/c500333167
    By B’s capital A/c1,067  
    By C’s capital A/c533  
To Balance c/d –11,26610,034    
 18,10012,33310,567 18,10012,33310,567
Balance Sheet
Liabilities
AmountAssetsAmount
Capital  Bank 1,600
B11,266 Stock 9,600
C10,03421,300Debtors 11,200
Bills payable 7,800Machinery 8,800
Creditors 1,600Land & Building 17,600
A’s loan 18,100   
      
  48,800  48,800

Comment if you have any questions.

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End of Solution

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Question 01 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 02 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 04 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 05 Chapter 6 of +2- Part- 1 of USHA Publication Part – 1

Question 06 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 07 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 09 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 11 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 13 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 17 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 20 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 21 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 23 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 29 Chapter 6 of +2 Part- 1 – USHA Publication 12 Class

Question 30 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 32 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 33 Chapter 6 of +2 Part- 1 – USHA Publication

Question 34 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 35 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 38 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 39 Chapter 6 of +2 Part- 1 – USHA Publication

Question 40 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 42 Chapter 6 of +2 Part- 1 – USHA Publication

Question 43 Chapter 6 of +2 Part- 1 – USHA Publication

Question 44 Chapter 6 of +2 Part-1 – USHA Publication

Question 47 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 48 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 50 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 51 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 52 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 54 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 55 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 56 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 57 Chapter 6 of +2 Part- 1 – USHA Publication

Question 58 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 59 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 60 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 61 Chapter 6 of +2 Part- 1 – USHA Publication

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Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

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Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

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Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication

Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

Accountancy – Part 2 Class 12 – Session 2024-25 – Solution for free

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

Advanced Accountancy II Part 2 Class 12 – Solution for free

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