In the books of the firm.
Profit and Loss Adjustment A/c
Particulars
|
Rs.
|
Rs.
|
Particulars
|
Rs.
|
Rs.
|
To R.D.D. A/c
|
1600
|
By Live Stock A/c
|
4400
| ||
To Loose Tools A/c
|
18040
|
By Outstanding Rent A/c
|
960
| ||
By Revaluation Loss:
| |||||
Meena Capital A/c
|
9520
| ||||
Heena Capital A/c
|
4760
|
14280
| |||
19640
|
19640
|
Partners Capital A/c
Particulars
|
Meena
|
Heena
|
Seema
|
Particulars
|
Meena
|
Heena
|
Seeema
|
To Profit & Loss Adj. A/c
|
9520
|
4760
|
By Balance b/d
|
134000
|
120000
| ||
To Balance C/d
|
153280
|
129640
|
120000
|
By Reserve Fund A/c
|
4800
|
2400
| |
By Bank A/c
|
120000
| ||||||
By Goodwill A/c
|
24000
|
12000
| |||||
162800
|
134400
|
120000
|
162800
|
134400
|
120000
|
Balance Sheet as on 1st April 2016
Liabilities
|
Rs.
|
Rs.
|
Assets
|
Rs.
|
Rs.
|
Capital Accounts:
|
Leasehold Property
|
20000
| |||
Meena
|
153280
|
Live Stock
|
6600
| ||
Heena
|
129640
|
Add: Appreciation
|
4400
|
11000
| |
Seema
|
120000
|
402920
|
Loose Tools
|
90200
| |
Creditors
|
53800
|
Less: Depreciation
|
18040
|
72160
| |
Stock
|
86800
| ||||
Debtors
|
48000
| ||||
Less: R.D.D.
|
-3600
|
44400
| |||
Bank
|
222360
| ||||
456720
|
456720
|
