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

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 Free Hold 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.

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

 Revaluation Account Particulars Amount Particulars Amount To Stock 1,960 By Buildings 9,800 To Plant 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 29,600 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 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 Cash in Hand 58,800 Bills Payable 8,582 Plant and 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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