Partnership Final Accounts Illustrations No.8 Solution | Page No. 43

Chapter 1

Partnership Final Accounts

Books Page No.43

Illustrations No.8

8. Nene and Kane are Partners, sharing Profits and Losses in the ratio 6:4. From the following Trial Balance and adjustments given below, Prepare, Trading and Profit and Loss Account for the year ending and Balance Sheet as on that date.

Adjustments :
1) Closing Stock ₹ 3,60,000. 
2) Outstanding Wages ₹ 3,000 and Salaries ₹ 2000. 
3) Depreciate Motor Vehicle @ 5% p.a. 
4) Write of Bad-debts of ₹ 5,000 and provide for R.D.D at 5% Sundry Debtors. 
5) Kane withdrew Goods of ₹ 6,000 for his personal use.


More 12 STD Partnership Final Accounts

Practical Problems link


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

Illustrations Problems Link


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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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