Partnership Final Accounts Illustrations No.1 problem with solution

Chapter 1

Partnership Final Accounts

Books Page No.24

Illustrations No.1

1. Daya and Kshama are Partners sharing Profits and Losses in the ratio of 1:1 from the following Trial Balance and additional information prepare Trading and Profit and Loss account for the year ended 31st March 2019 and Balance Sheet as on that date.

 Adjustment and Additional Information :
(1) Closing Stock ₹40,000. 
(2) Depreciate Building and Machinery @ 5% and 3% respectively. 
(3) Bills Receivable included dishonoured bill of ₹ 3000. 
(4) Goods worth ₹1000 taken by Daya for personal use was not entered in the books of accounts. 
(5) Write off ₹ 1800 as Bad debts and maintain R.D.D. at 5% on Sundry Debtors. 
(6) Goods of ₹ 6000 were sold but no entry was made in the books of accounts.

More 12 STD Partnership Final Accounts

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Practical Problems. 1


Practical Problems. 2


Practical Problems. 3


Practical Problems. 4


Practical Problems. 5


Practical Problems. 6


Practical Problems. 7


Practical Problems. 8


Practical Problems. 9


Practical Problems. 10


12 STD Partnership Final Accounts

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Illustrations No.1


Illustrations No.2


Illustrations No.3


Illustrations No.4


Illustrations No.5


Illustrations No.6


Illustrations No.7


Illustrations No.8


Illustrations No.9


Illustrations No.10

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