### Following is the balance sheet of the firm Sonu, Monu and Piyu who share profits and losses in the ratio of their capital.

Solution: In the  books of Sonu, Monu and Piyu

 Particulars Amount Amount Particulars Amount Amount To Stock A/c 960 By Land and Building A/c 11000 To R.D.D. A/c 200 To Profit on Revaluation Transferred to partners Capital A/c Sonu Capital A/c 4920 Monu Capital A/c 1968 Piyu Capital A/c 2952 9840 11000 11000

Partners’ Capital A/c

 Particulars Sonu Monu Piyu Particulars Sonu Monu Piyu To Goodwill A/c (5:1) 3000 600 - By Balance b/d 50000 20000 30000 To Cash A/c 36552 By Profit and Loss Adjustment A/c [Profit on Revaluation] 4920 1968 2952 By Goodwill A/c 3600 By Cash A/c 68080 18632 - To Balance C/d 120000 40000 123000 40600 36552 123000 40600 36552

In the books of M/s Sonu and Monu.

Balance Sheet as on 1st April, 2013.

 Liabilities Amount Amount Assets Amount Amount Creditors 15000 Plant and Machinery 20000 Capital A/c Land and Building 55000 Sonu 120000 Add: Appreciation 11000 66000 Monu 40000 160000 Stock 12000 Less: Written off 960 11040 Debtors 12000 Less: R.D.D. 1200 10800 Cash 67160 175000 175000

1. How did you got the gain ration 5:1?

2. Stock ka kaise aya?? Please explain

1. 8% depreciation Kar

2. Pehle 12,000₹ ka 92% nikal which is 11,040₹ vo hi hai phir usko stock mai se less kar de to 960₹ ayega jo loss hai

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4. Can u show working note of goodwill & cash a/c

5. Goodwill- only retiring partner share

12000x3/10=3600

Cash- debit side
68080+18632+17000=103712
Credit side =36552
Cash=103712-36552=67160

6. Cash kaise distribute kiya???????????