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

Question 32 Chapter 6 of +2-Part-1

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  16,000 Bank   1,600
B’S Capital  12,000 Stock  10,400
C’s capital  10,400 Debtors   12,000
Creditors  8,000 Machinery 9,600
Bills payable  1,600 Land & 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
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Revaluation account
Particulars
 Amount Particulars Amount
To stock   800 By land & Building A/c   3,200
To debtors   800 By creditors   200
To machinery   800      
To profits transferred          
A 500        
B 333        
C 167 1,000      
    3,400     3,400
Partners’ Capital Account 
Particulars A B C Particulars A B C
To A’s capital A/c   1,067 533 By Balance b/d 16,000 12,000 10,400
To A’s loan A/c 18,100     By Revaluation A/c 500 333 167
        By B’s capital A/c 1,067    
        By C’s capital A/c 533    
To Balance c/d – 11,266 10,034        
  18,100 12,333 10,567   18,100 12,333 10,567
Balance Sheet
Liabilities
 Amount Assets Amount
Capital     Bank   1,600
B 11,266   Stock   9,600
C 10,034 21,300 Debtors   11,200
Bills payable   7,800 Machinery   8,800
Creditors   1,600 Land & Building   17,600
A’s loan   18,100      
           
    48,800     48,800

Comment if you have any questions.

End of Solution

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

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

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

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

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

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

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

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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

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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

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

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

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

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

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

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

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

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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

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

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

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

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.

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)

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

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

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