Question 46 Chapter 5 of +2 Part-1 – USHA Publication

Posted by By Shubham Sharma 5 Min Read July 12, 2024
Q-46. - CH-2 - Usha +2 Book 2018 - Solution

Question 46 Chapter 5 of +2 Part-1 – USHA

46. Revaluation A/c/Partner‘s Cap A/c/B/S) The following is the balance sheet of A and B who were sharing profits in ratio 3:2

Liabilities    Rs Assets Rs
Capital Accounts     Freehold Premises 49,000
A 29,400   Plant and machinery 34,300
B 19,600 49,000 Stock 19,600
Profit & Loss A/c   29,400 Sundry debtors 9,506
Sundry creditors   56,000 Cash at Bank  25,300
Bills Payable   8,582 Cash in hand 5,276
    1,42,982   1,42,982

C is admitted into partnership on the following terms:
(i) C brings in Rs. 14,700 as his capital and Rs. 5,880 as goodwill for 1/4th share in the firm.
(ii) That the value of stock, plant and machinery was to be reduced by 10%.
(iii) That reserve for bad and doubtful debts be created Rs. 1,540.
(iv) Freehold premises to be appreciated by 20%.
Prepare Revaluation A/c, Partners Capital A/cs, and Balance Sheet of the New firm.

We are providing a solution of Question 46 Chapter 5 of +2 Part-1 – USHA in two formats. one is in Video format and another is in article format. Check out both formats as follows:

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The video consists solution of question numbers from 46 to 47 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 46 from the flowing video by using time stamps of the video.

Day - 88 | Solution of Questions Admission of a Partner | Chapter No. 5 | Accounts class 12 | PSEB |
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2. Check out the Solution of this question in Article Format:-

The solution of Question 46 Chapter 5 of +2 Part-1 – USHA: – 

Revaluation Account
Particulars
 Amount Particulars Amount
To Stock   1,960 By Freehold Premises   9,800
To Plant & Machinery A/c   3,430      
To Provision for doubtful debts   1,540      
To profit on Revaluation          
– A 3/5 1,722        
– B 2/5 1,148 2,870      
    9,800     9,800
Partners’ Capital Account
Particulars A B C Particulars A B C
        By Balance b/d 29,400 19,600  
        By Profit & Loss A/c 17,640 11,760 –
        By Revaluation A/c 1,722 1,148 –
        By Bank A/c – – 14,700
        By Premium for Goodwill A/c 3,528 2,352  
To Balance c/d 52,290 34,860 14,700        
  52,290 34,860 14,700   52,290 34,860 14,700
Balance Sheet
Liabilities
 Amount Assets Amount
Sundry Creditors   56,000 Freehold Premises   58,800
Bills Payable   8,582 Plant & machinery   30,870
Capital accounts     Stock   17,640
A 52,290   Sundry Debtors 9,506  
B 34,860   Less: Provision 1,540 7,966
C 14,700 1,01,850 Cash at Bank   45,880
      Cash in hand   5,276
    1,66,432     1,66,432

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Question 11 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 15 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 18 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 24 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 27 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Parat – 1

Question 28 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 30 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 31 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 34 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 35 Chapter 5 of Class 12 Part – 1 – USHA Publication

Question 36 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 38 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 41 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 43 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 44 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 A Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 46 Chapter 5 of +2 Part-1 – USHA Publication

Question 47 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 48 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 53 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 54 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 55 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 56 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 57 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 58 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 60 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 61 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 62 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 63 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 64 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 65 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 66 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 67 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 68 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 69 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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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)

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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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