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Q46 A and B plz give answer today plz plzplzzzzz fast

Q46 A and B plz give answer today plz plzplzzzzz fast Machinery e 9,000. Building 00.000: a.ruå 050 are to provided for The goodwill of the firm is agreed to valEd t6.OOO X is to cash On retirement the in three equal With Show Revaluation Account. X's Capital Account and his Loan i Am. Loss on Revaluation Balance of*" s e 30.000.] Q _ 46 B p. Q and R were Sharing profits in 5 3 : 2 As at 3 1st March, 2012 the Balance Sheet of firm follows C 1 editoø Expe•nses Outstnding Asset, Debts 10,000 3S.t»o On this date Q decided to retire and for this : (a) Goodwill was valued at (b) Fixed assets were valued at t 30,0Mj-, (c) Stock was comsidered as "orth 10.0(1)_ Q was to be paid through cash, brought in by P and R. in a way as to their capitals proportionate to their profit sharing ratio which was to P Record these matters in the journal Of the firm and resultaN Babe Profit on revaluation Amount paid to Q 17,800. AS p 07.0M), R e 18.000 and Balance Sheet total Gaining Ratio I : : Total Of P s Capital in new firm R's Capital in the new firm Cash brought in by P Cash in by R - t21.e,oo 07.800 • E.soo- = us.e@ - e27,ooo-

Dear Student


Q46A

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Revalution A/c
Date Particulars Amount (in Rs) Date   Particulars Amount (in Rs)
  Stock 2,300   Machinery  
  Furniture 500      
  Machinery 750      
  Building 4,000      
  Provision for Doubtul debt 850      
        Capital A/c - Rs 8,400 in 3:2:1  
        X 4,200
        Y 2,800
        Z 1,400
           
           
           
    8,400     8,400
 
X's Capital A/c
Date Particulars Amount (in Rs) Date   Particulars Amount (in Rs)
  Revaluation A/c 4,200   Bal B/d 40,000
        Y's Capital A/c 2,000
  Cash A/c 11,050   Z's Capital A/c 1,000
  X's Loan A/c 30,000   Reserve Fund 750
        Profit and Loss A/c 1,500
           
           
    45,250     45,250

X's Loan A/c
Date Particulars Amount (in Rs) Date   Particulars Amount (in Rs)
           
31-03-12 Bank A/c 11,500 01-04-11 X's Capital A/c 30,000
           
31-03-12 Bal C/d 20,000 31-03-12 Interest A/c 1,500
        (30,000 x 5%)  
    31,500     31,500
           
           
31-03-13 Bank A/c 11,000 01-04-12 X's Capital A/c 20,000
           
31-03-13 Bal C/d 10,000 31-03-13 Interest A/c 1,000
        (20,000 x 5%)  
    21,000     21,000
           
           
31-03-14 Bank A/c 10,500 01-04-13 X's Capital A/c 10,000
           
31-03-14 Bal C/d 0 31-03-14 Interest A/c 500
        (10,000 x 5%)  
    10,500     10,500
           
 
Goodwill Adjustment    
Gaining Ratio   2:1
Goodwill Adjustment    
Total Value of Goodwill   6,000
X's share of Goodwill  (6,000 x 3/6) 3,000
     
Distribution in Gaining Ratio     
TO Be Adjusted from Y's Capital A/c (3,000 x 2/3) 2,000
TO Be Adjusted from Z's Capital A/c (3,000 x 1/3) 1,000


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