A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2022 is as under:
A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2022 is as under:
| Liabilities | ₹ | Assets | ₹ |
| Sundry Creditors | 2,00,000 | Premises | 3,00,000 |
| General Reserve | 1,20,000 | Machinery | 1,80,000 |
| Capitals: A B C | 3,00,000 1,50,000 1,00,000 | Stock | 1,20,000 |
| Debtors | 2,50,000 | ||
| Bank | 20,000 | ||
| Total | 8,70,000 | Total | 8,70,000 |
Anurag Pathak Answered question August 1, 2024
