A and B are in partnership sharing profits and losses in the ratio of 3 : 1. Their Balance Sheet as at 31st Jan;, 2023 was as follows:
A and B are in partnership sharing profits and losses in the ratio of 3 : 1. Their Balance Sheet as at 31st Jan;, 2023 was as follows:
Balance Sheet as at 31st March
| Liabilities | ₹ | Assets | ₹ |
| Capital Accounts: A B | Cash at Bank | 34,000 | |
| Sundry Creditors | Sundry Debtors | 1,66,000 | |
| Stock | 2,60,000 | ||
| Fixed Assets | 2,20,000 | ||
| 6,80,000 | 6,80,000 |
Anurag Pathak Answered question August 31, 2024
