Day - 132 | Solution of Questions 40 Retirement of a Partner Chapter 6 Accounts class 12 PSEB
Teacher:- Mr. Sarbjit Singh Video Editor:- Mr. Kuljeet Singh Question No. 40: The Balance Sheet of X ,Y & Z who shared profits in the ratio of 4:3:2 as on 31st March, 2016 was as follows: Y retired on the above date and it was agreed that :- (i) Stock would be depreciated by 5%. (ii) Building would be appreciated by 5%. (iii) A provision of 320 be made for legal charges. (iv) Goodwill of the firm was valued at 14,000. (But no goodwill account is to be raised) (v) and Z were to share the future profits in 5 : 3 ratio. (vi) Y was to be paid Z 5,000 in Cash and balance was to be transferred to his loan account. (vii) X and Z were to maintain their capitals in new profit-sharing ratio and to bring in or withdraw cash for the purpose. Capital of the new firm was fixed at 28,000. Prepare, Revaluation Account, Capital accounts of all the partners, Bank Account, and the Balance Sheet of X and Z after Y's retirement. Google Play Store App Link: https://clppaige.page.link/EhJq App Store App link:- https://apps.apple.com/us/app/classpl... Download Classplus App and use our ORG Code:- vagce !--------Book Solution TS Grewal---------! T S Grewal Part - l (a) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - l (b) https://tutorstips.com/t-s-grewals-bo... T S Grewal Part - ll https://tutorstips.com/t-s-grewals-bo... !--------Book Solution PSEB---------! Usha Publication Part- l:- https://tutorstips.com/usha-publicati... Usha Publication Part- ll:- https://tutorstips.com/usha-publicati... Unimax Publication https://tutorstips.com/accountancy-un... !--------Our Website link---------! https://tutorstips.com/ https://tutorstips.in/ !--------Check Business Studies Playlist--------! • Business Studies Class 12 CBSE PSEB ISC !--------Check Financial Accounting Playlist--------! • Financial Accounting Class 12 CBSE PS... !--------Like our Fb page---------! / tutorstips !--------Follow us on Instagram-------! / tutorstips !--------Follow us on Twitter--------! / tutors_tips !--------Follow us on LinkedIn--------! / tutorstips !--------Follow us on WhatsApp--------! +91 1882 359 783 Thanks for all your love n support. For any other details email - [email protected] Our partner https://www.freepik.com/ https://www.flaticon.com/ class 12 accounts chapter 5,tutorstips,partnership chapter,accounts book solution class 12,class 12 accounts class 12 solution,account class 12,Solution of Questions Retirement of a Partner,practicle problem Retirement of a Partner,book solution accounts,class 12 accounts book solution,Day - 131 | Solution of Questions 38 to 39 Retirement of a Partner Chapter 6 Accounts class 12 PSEB,Solution of Questions 38 to 39 Retirement of a Partner #retirementofapartner #class12 #accounting
